Trophy Orange County Restaurant Near Brea Mall

TROPHY SOUTHERN CALIFORNIA REAL ESTATE | ORANGE COUNTY |
NEAR PERFECT RESTAURANT LOCATION
LAZY DOG RESTAURANT & BAR | 240 SOUTH STATE COLLEGE BOULEVARD, BREA, CA 92821
BREA MALL
14 Million Visitors Annually
PLAY VIDEO
Imperial Highway
73,100 CPD
267,000 CPD
South State College Blvd - 26,000 Cars Per Day
Off Ramp
On Ramp
The offering does not include the sale of the business

PRESENTED BY
LEAD BROKER
Kevin Boeve
Senior Vice President Investments
ONTARIO OFFICE
Tel: (909) 456-3450
kevin.boeve@marcusmillichap.com
CA License: 01247016
LEAD BROKER
Neil Naran
Associate
ONTARIO OFFICE
Tel: (909) 456-3476
neil.naran@marcusmillichap.com
CA License: 02025512
Joshua Rey
Associate
ONTARIO OFFICE
Tel: (909) 456-7015
joshua.rey@marcusmillichap.com
CA License: 1776485
ACTUAL RESTAURANT
*Business Not Included

Off Ramp
Imperial Highway - 73,100 CPD
State Route 57
267,000 CPD
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080802
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Apple
Tesla
Nordstrom
Macy’s
JcPenney
Sears
Red Lobster
Cheesecake Factory
BJ’s Brewhouse
Target
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brea mall
·· Owner: Simon Property Group (www.simon.com/mall/brea-mall) | The
World Leader in Mall Ownership
·· Ideally Positioned at the Intersection of State Route 57 and Imperial Highway
·· Brea Mall Serves a Large Trade Area and is the Only Traditional Mall of its
Size and Quality for Over 20 Miles
·· 1,310,000-Square Foot Mall With Anchors: Nordstrom, Macy’s, Sears,
JcPenney, Apple, and Tesla
·· 14 Million Visitors Annually | For Comparison, Disneyland Has 17 Million
Visitors Annually
·· Consistently Receives an “A” Grade from Mall Rating Agencies
On Ramp
S State College Bouelvard - 26,000 CPD

financial overview
ACTUAL RESTAURANT

financial overview
annualized operating data
Lease Year Annual Rent Monthly Rent
11/2012 - 12/2017 $343,000 $28,583
12/2017 - 12/2022 $377,300 $31,441
12/2022 - 12/2027 $415,030 $34,585
Option 1: 12/2027 - 12/2032 $456,533 $38,044
Option 2: 12/2032 - 12/2037 $502,186 $41,848
Net Operating Income $377,300
Total Return 4.00%
pricing
Property Name Lazy Dog Restaurant & Bar (Building and Land)
Property Address 240 S. State College Boulevard
Brea, CA 92821
Price $9,432,000
Cap Rate 4.00%
Gross Leasable Area 11,100 SF
Year Built 2012
Lot Size 1.08 Acres
tenant summary
Tenant Trade Name Lazy Dog Restaurant & Bar
Lease Commencement 11/2012
Lease Expiration 12/2027
Original Term 15-Year Lease
Option Term Two, 5-Year Options
Increases 10 Percent Every Five Years
Guarantee Corporate (24+ Locations)
Lease Type NNN (Building & Land)
Landlord Responsibilities None
Lease Term Remaining 10 Years Left
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The asset will be delivered free and clear of debt and is offered as an all cash transaction.
Multiple financing options are available. Contact the listing team to discuss.
The asset is a fee simple sale of building and land. Purchase does not include the sale of the
business.

executive summary
ACTUAL RESTAURANT

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·· Near Perfect Restaurant Location | Freeway Exit Adjacent | Frontage on Major
Highway | Mall Pad Site | Mind Blowing Demographics, Density, and Traffic Counts
·· Signalized Hard Corner on Imperial Highway | 73,100 Cars Per Day
·· Retail Epicenter | Outparcel to the Brea Mall | More than One Million Square Feet
Mall With National Credit Tenants | 14 Million Visitors Annually
·· Flagship Orange County Restaurant
·· Fee Simple Trophy Real Estate
·· Conveniently Located on the State Route 57 On/Off Ramp | 267,000 Cars Per
Day
·· Within a Five-Mile Radius, Nearly 400,000 Residents and a Daytime Population
of Nearly 156,600
·· Within a One-Mile Radius, Median Household Income of $95,542
·· Minutes Away From Cal State University, Fullerton | 40,200+ Students Enrolled
Marcus & Millichap is pleased to present for sale the Lazy Dog Restaurant & Bar
located in Orange County’s Brea, California. The location has a 15-year triple-net
lease with four, five-year options with 10 years remaining on the lease term. The
lease includes a corporate guarantee from Lazy Dog Restaurant & Bar, with over
23 existing and upcoming locations in five states. The location embodies near
perfect location characteristics: high traffic counts, exceptional visibility, and
easy access. Lazy Dog Restaurant & Bar has proximity to destination shopping
retail, office, and residential density with continuous customer activity daily on
weekdays and weekends.
1 Mile 3 Miles 5 Miles
2016 Population 18,245 128,300 361,916
2016 Households 6,832 46,202 117,747
2016 Daytime Population 15,011 63,165 156,557
2016 Average Household Income $94,446 $100,128 $95,542
investment overview investment highlights
demographics
·· Brea is home to major corporations including American Suziki Motor Cor-
poration, Raytheon, Avery Dennison, Beckham Coulter, and St. Jude Hospital
·· New Residential Development | An Estimated 3,000 New Homes, 1,500
New Apartments, and 1,500 Senior Housing Units Under Construction
·· Award-Winning School District | Students Score Above 90 Percent on State
and National Tests
·· One of Most Comfortable Summer Cities
·· The City’s Art in Public Places Has Integrated Public Art With Private De-
velopment | Nationally Recognized Collection Features Over 140 Sculptures
Throughout the City Including in Brea Mall
·· Within Orange County | One of the Nation’s Most Affluent Counties
city of brea
ACTUAL RESTAURANT

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Lazy Dog Restaurant & Bar is a private, American casual dining restaurant chain
headquartered in Huntington Beach, California. The family operation stretches
back three generations, which brings a warm, wholesome family environment
featured in each restaurant location. Throughout the years, Lazy Dog Restaurant
& Bar has carved a niche with dog-friendly patios, a distinctive mountain lodge
decor, a vibrant bar that serves to midnight and extended weekend bunch hours.
·· 24 Units in California, Nevada, and Texas With Two Upcoming Loca-
tions in Colorado
·· Prime Destination for Dog Lovers and “Foodies”
·· Over 30+ Years of Restaurant Operator Experience
Founded 2001
Type Private
Locations 24
Headquarters Huntington Beach, CA
Website www.lazydogrestaurants.com
Scratch Kitchen Policy
www.lazydogrestaurants.com/scratch-kitchen (Click to View)
“Scratch Kitchen” means everything inside of the restaurant. The restaurant
orders ingredients fresh from their farmers, produce company, and meat com-
pany. Lazy Dog believes that food made from scratch tastes fresher and is just
plain better.
Dog Policy
www.lazydogrestaurants.com/dogs/info (Click to View)
Dogs are welcome on the patio and have special menu items.
1. Complimentary Bowl of Water
2. Grilled Hamburger Patty and Brown Rice
3. Grilled Chicken Breast & Brown Rice
4. Plain Brown Rice
Bon Appetit!
Watch The Story

property description
ACTUAL RESTAURANT

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- 267,000 Cars Per Day
BREA MALL
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·· 40,200+ Students Enrolled in Fall 2016
·· Top 25 “Most Innovative Schools,” U.S. News & World Report
·· Listed in Princeton Review’s Best 295 Business Schools (2017 Edition)
·· #1 - Hispanic Outlook in Higher Education in California and Second in the Nation Among Top Colleges and Universities
·· #5 in the Nation in Terms of Baccalaureate Degrees Awarded to Underrepresented Students
cal state university, fullerton
CAL STATE UNIVERSITY,
FULLERTON
-5 Min. Drive

Confidentiality Agreement
The information contained in the following offering memorandum is proprietary and strictly confidential.
It is intended to be reviewed only by the party receiving it from Marcus & Millichap and it should not be
made available to any other person or entity without the written consent of Marcus & Millichap. By taking
possession of and reviewing the information contained herein the recipient agrees to hold and treat all such
information in the strictest confidence. The recipient further agrees that recipient will not photocopy or
duplicate any part of the offering memorandum. If you have no interest in the subject property at this time,
please return this offering memorandum to Marcus & Millichap.
This offering memorandum has been prepared to provide summary, unverified financial and physical
information to prospective purchasers, and to establish only a preliminary level of interest in the subject
property. The information contained herein is not a substitute for a thorough due diligence investigation.
Marcus & Millichap has not made any investigation, and makes no warranty or representation with
respect to the income or expenses for the subject property, the future projected financial performance
of the property, the size and square footage of the property and improvements, the presence or
absence of contaminating substances, PCBs or asbestos, the compliance with local, state and
federal regulations, the physical condition of the improvements thereon, or the financial condition or
business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the
subject property. The information contained in this offering memorandum has been obtained from
sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any
of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding
these matters and makes no warranty or representation whatsoever regarding the accuracy or
completeness of the information provided. All potential buyers must take appropriate measures to verify
all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses
of investigating the subject property.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MARCUS &
MILLICHAP AGENT FOR MORE DETAILS.
Net Leased Disclaimer
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not
and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes
no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.
As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material infor-
mation before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment
opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections,
opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of
this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.
Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to
determine to your satisfaction with the suitability of the property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully
review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an
important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or
newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the
area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other
material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless
of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the
property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon
the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and
Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of
claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.
ACTUAL RESTAURANT

Trophy Orange County Restaurant Near Brea Mall

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