12440 Jackson Gate Rd - Freestanding FOR SALE


Jackson, CA 95642
$4,650,000 USD
775-348-5234
12440 Jackson Gate Rd, Jackson, CA for Sale
$4,650,000 USD
Freestanding - FOR SALE
1/13
null | 6.7% Cap Rate

12440 Jackson Gate Rd
Jackson, CA 95642


HIGHLIGHTS

  • Per Placer.AI, O'Reilly is ranked in the top 77th percentile. and SpeeDee Oil is ranked in the top 67th percentile.
  • Situated at Signalized Intersection of Highway 49 and Jackson Gate Road, With Exposure to 20,950 Cars Per Day.
  • 89-Percent of Square Footage is Leased By Recession Resistant Tenants With Nearly 15 Years of Operating History.
  • Triple-Net (NNN) Leases Provide Consistent Returns and Low Management.

OVERVIEW

Marcus & Millichap is pleased to present for sale “Jackson Gate South”, which consists of three commercial buildings totaling 12,450 rentable square-feet on a 1.05 acre lot. The subject property is currently 94-percent occupied by three tenants on “Triple-Net (NNN)” Leases, and has a history of being ~90+ percent occupied and above since it's construction in 2008. Jackson Gate South is located at the signalized intersection of Highway 49 and Jackson Gate Road, just north of the intersection of Highway 88 & Highway 49. The subject property is visible from the intersection of Highway 88 & 49, and has multiple point of ingress & egress making the property easily accessible for the roughly 21,000 vehicles that pass the site each day. As a result of this strong location, multiple regional and national retailers have chosen the surrounding area for store locations. Retailers in the surrounding area include Safeway, Lowe’s, Starbucks, Carl’s Jr., Jack-In-The-Box, America’s Tire, PNC Bank, etc. The current tenants of the property are O’Reilly Auto Parts, SpeeDee Oil Change & Auto Service, and a local Hair Salon. O'Reilly Auto & SpeeDee Lube have been operating at this site for over fifteen years. In 2022, O'Reilly recently renewed their lease early. Collectively, these three tenants occupy 94% percent of the available square footage. The initial terms of O’Reilly & SpeeDee leases expire in 08/28, and 10/28, respectively. Both tenants have Two Five-Year Options, each of which contain rental increases. The Hair Salon signed a new 5-Year Lease which expires in 2/27, and has no option to renew. Offered at $4,650,000 or a 6.70-percent cap rate, this offering presents an investor with the opportunity to acquire a low management asset with an attractive yield.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$373 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C2

APN/PARCEL ID

044-030-023-000

ASK ABOUT THIS PROPERTY

Bret NicholsonMarcus & MillichapMore Info
775-348-5234

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Bret NicholsonMarcus & MillichapMore Info
775-348-5234

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.