Stockton Boulevard Strip Center
12,359 SF | 90% Leased | Retail Building | Sacramento, CA 95823 | $3,372,200 ($273/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,372,200
- Property Type
-
Retail
- Square Feet
- 12,359 SF
- Price / Square Foot
- $273
Listing Contacts
Ibrahim Alwareeth
Verified Profile
- Property Info
Property Overview
The Wareeth Group is pleased to present exclusively for sale the 12,359-square-foot Stockton Boulevard Strip Center at 6955 Stockton Boulevard in Sacramento, California. This triple-net investment opportunity offers attractive assumable financing at a 4% interest rate, a 25-year fully amortizing loan with eight years until rate adjustment, all at a $1.66 million loan balance. The new owner can capitalize on the site's potential rental upside as the current leases are below market rents at a $16.87-per-square-foot base.
Stockton Boulevard Strip Center is at the signalized corner of Stockton Boulevard and Lindale Drive, providing excellent visibility and a secure investment. This mixed-use destination has building and monument signage visible to the 40,121 vehicles passing each day. The center showcases a well-established, local tenant mix in various business types, such as barbershops, restaurants, medical, auto parts, and professional services. Well-maintained, the roof has been completely redone, and four AC units have been replaced.
Shadow-anchored by Walmart Supercenter, Stockton Boulevard Strip Center is along a significant north-south retail corridor, home to numerous shopping, dining, lodging, and entertainment establishments. The property is conveniently located a mile from Highway 99, Interstate 5, and the Sacramento Executive Airport, 8 miles away. South Sacramento is an expansive residential community with a growing population of 413,127 people within 5 miles of the property. A large commercial development is in the planning stages at the former Forin Mall site directly behind the property.
Stockton Boulevard Strip Center is at the signalized corner of Stockton Boulevard and Lindale Drive, providing excellent visibility and a secure investment. This mixed-use destination has building and monument signage visible to the 40,121 vehicles passing each day. The center showcases a well-established, local tenant mix in various business types, such as barbershops, restaurants, medical, auto parts, and professional services. Well-maintained, the roof has been completely redone, and four AC units have been replaced.
Shadow-anchored by Walmart Supercenter, Stockton Boulevard Strip Center is along a significant north-south retail corridor, home to numerous shopping, dining, lodging, and entertainment establishments. The property is conveniently located a mile from Highway 99, Interstate 5, and the Sacramento Executive Airport, 8 miles away. South Sacramento is an expansive residential community with a growing population of 413,127 people within 5 miles of the property. A large commercial development is in the planning stages at the former Forin Mall site directly behind the property.
Property Details
- Class
- C
- Year Built
- 1989
- Stories
- 1
- Property Subtype
- Storefront Retail/Office, Freestanding
- Lot Size (sq. ft)
- 38,333 SF
Highlights
- Exceptional NNN investment opportunity to acquire a mixed-use destination with a diverse local tenant mix and attractive assumable financing.
- Neighboring retailers include Walmart Supercenter, Dollar Tree, Burlington, Chuze Fitness, Krispy Kreme, Bank of America, Popeyes, and PetSmart.
- At the well-traveled signalized corner of Stockton Blvd and Lindale Dr, with signage visible to over 40,000 vehicles per day and easy ingress/egress.
- Situated in an evolving area that's projected to see construction along Stockton Blvd and a 3% increase in population over the next five years.
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