PRICE: $5,836,400.00
NOI: $306,987.00
5.25% Cap Rate
REGION:
Rancho Cordova
City of Rancho Cordova
AVAILABILITY:
-/+ 28,800 SF Building
-/+ 2.93 Acres
ZONING:
CMU – (FBSP) Commercial Mixed Use
OPPORTUNITY:
Multi Tenant Retail NNN
Additional Income from Antenna
This multi tenant free standing triple net building was built in 1974 and is conveniently positioned at the intersection of Folsom Blvd. and Zinfandel Dr. The asset consists of two separate parcels, a fully stabilized NNN retail building, and a cell phone tower that generates additional income.
The Grocery Outlet is approximately 23,640 SF with a monthly rent of $18,422.25. Lees’ Martial Arts occupies roughly 5,160 SF and generates $5,160.00 per month. The cell phone tower produces an additional $2,000.00 per month, totaling $306,987.00 in net operating income.
This building is surrounded by other large shopping centers with national tenants that serve the local population. Popeys, Chipotle, Taco Bell, Marshalls, and Ross are a few of the national retail tenants within the immediate area.
California is the fifth largest economy in the world with Sacramento being its capital. Historically known for the Gold Rush, Sacramento is an intersecting point for both the American & Sacramento River at Discovery Park.
This capital city was founded in 1848 on the fertile agricultural soils located in the northern portion of the Central Valley, growing to nearly +/-1,000 square miles.
Sacramento County is home to numerous other populated and expanding metro areas: Elk Grove, Natomas, Rancho Cordova, & Citrus Heights.
With a reputation of being a small capital city compared to the much larger cities of L.A. & S.F, Sacramento continues to grow as the state population continues to decrease.
A majority of California’s state workers are employed within county limits- while the capital city of California continues to see job growth and constant real estate development in both residential and commercial sectors, despite high interest rates.
Executive Director
916 704 9341
dmueller@muellercommercial.com
CalDRE# 01829919
Director
916 613 3899
cfreelove@muellercommercial.com
CalDRE# 02092307
