- For Sale $3,999,000.00
- +/- 14,283 SF Retail | Lot Size 1.05 AC
- NOI $240,631 Per Year | CAP 6.00% I $279.98 Per SF
- Parcel number 269-0090-058
- Starbucks, Don Quixote’s, Subway, Happy Day Spa, Donut Madness, Olivia’s Nails, VO T-Shirt Designs
This Starbucks anchored retail center built in 1992 offers a balanced verity of Tenants. The favorable lease rates offer future upside make this a desirable investment for either a 1031 Exchange Buyer or straight Investor. The building boasts patios and a clean refinished facade. With its open layout and easy accessibility to the road and the Tenants via ample ingress and egress points. The property is surrounded by national Tenants and is adjacent to Union-Bank and Wendy’s. The multitude of uses in the center welcomes a wide verity of patrons.
The convenient location of this property puts it is walking distance from the Country Club Plaza Mall and the Del Paso Country Club. This property is located at the high traffic intersection of Watt Avenue and El Camino Avenue which is known as the dominant retail intersection of central Sacramento. There is a strong day time population with AT&T Corporate Center and offices in close proximity to the property with other surrounding offices including Kaiser Permanente. Being just 5 miles northeast of Downtown Sacramento gives excellent access to the entire Sacramento Region through the Capital City Freeway (Business Loop 80), Interstate 80 and Interstate 5. Watt Ave is the main North-South arterial connecting Highway 50 to the South and Highway 80 to the north.