Exceptional Credit Grocer
44,030 SF | Retail Building | Roseville, CA 95678 | $16,300,000 ($370/SF) | 6.12% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $16,300,000
- Property Type
-
Retail
- Square Feet
- 44,030 SF
- Price / Square Foot
- $370
Listing Contacts
Phil Voorhees
Verified Profile
James Tyrrell
Verified Profile
Megan Lanni
Verified Profile
- Property Info
Property Overview
* Excellent STNL Investment – ±44,030 SF retail building, 100% corporate leased to an exceptional credit grocer on a brand new, 15-year NNN lease with fixed, 10% increases every 5 years, located in the dominant community center in the trade area, Stanford Ranch
* Irreplaceable Location – Situated adjacent to a high-performing Costco, with shopper traffic further bolstered by surrounding national retailers including Home Depot, Dick’s Sporting Goods, Ross Dress for Less, Staples, Total Wine & More, and Golf Galaxy
* Premier Corporate Credit Rating – Lease is backed by a corporate guarantee from an investment-grade-rated parent company (S&P: AA-), providing an exceptionally secure income stream
* Convenient Regional Freeway Accessibility – Extremely well-located along Five Star Blvd at the intersection of Stanford Ranch Rd, the most highly trafficked corridor in the trade area with a combined car count of ±71,696 CPD, providing immediate access to CA State Route 65 (±120,887 CPD), with connectivity to Interstate 80 (±170,659 CPD)
* Affluent Demographics – More than 239,500 people in a 5-mile radius, with an Average Household Income exceeding $145,400
* Irreplaceable Location – Situated adjacent to a high-performing Costco, with shopper traffic further bolstered by surrounding national retailers including Home Depot, Dick’s Sporting Goods, Ross Dress for Less, Staples, Total Wine & More, and Golf Galaxy
* Premier Corporate Credit Rating – Lease is backed by a corporate guarantee from an investment-grade-rated parent company (S&P: AA-), providing an exceptionally secure income stream
* Convenient Regional Freeway Accessibility – Extremely well-located along Five Star Blvd at the intersection of Stanford Ranch Rd, the most highly trafficked corridor in the trade area with a combined car count of ±71,696 CPD, providing immediate access to CA State Route 65 (±120,887 CPD), with connectivity to Interstate 80 (±170,659 CPD)
* Affluent Demographics – More than 239,500 people in a 5-mile radius, with an Average Household Income exceeding $145,400
Property Details
- Class
- B
- Year Built
- 1996
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 196,020 SF
Highlights
- Excellent STNL Investment
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