1617 Douglas Blvd - Freestanding FOR SALE


Roseville, CA 95661
$8,750,000 USD
760-448-2449
1617 Douglas Blvd, Roseville, CA for Sale
$8,750,000 USD
Freestanding - FOR SALE
1/11
null | 6.21% Cap Rate

1617 Douglas Blvd
Roseville, CA 95661


HIGHLIGHTS

  • Skechers (NYSE: SKX) & Harbor Freight Tools – Strong Corporate Credit – Corporate Lease Guarantees
  • Subject Property Completely Renovated In 2024 & 2025 – No Deferred Maintenance – New Roof, HVAC & Parking Lot
  • New 10-Year Triple (NNN) Leases With 10% Rent Escalations Every 5 Years – Tenants Actions Clearly Show Strong Commitment to This Location
  • Tenants Are Paying an Under-Market Rent Of $15.00 PSF– Below the Current $24-$28/PSF NNN Market Rental Rate
  • A+ Real Estate Location – Douglas Blvd. Frontage – Less Than 1/2 Mile From I-80 Freeway Exit – Shadow Anchored by Hobby Lobby & Ross Dress for Less
  • Strong Demographics – Growing Affluent Sacramento Suburb With 2.6M People in the MSA

OVERVIEW

Lee & Associates is pleased to present the Two-Tenant Harbor Freight & Skechers 100% leased investment opportunity in Roseville, CA, part of the Sacramento MSA. Featuring new 10-year leases with both tenants with below-market rents, and 2025 renovations including a new roof, HVAC system, and parking lot. The Subject property sits just off the I-80 exit with over 179,000 VPD, in a dense traffic and retail trade corridor. The surrounding tenants include Hobby Lobby, Ross, Walmart, Target, Trader Joe’s, TJ Maxx, and Raley’s. The Roseville/Rocklin is an affluent suburb of Sacramento with an average household income of $139,000 and a population of over 270,000 within a 5-mile radius.

FOR SALE DETAILS

PRICE

$8,750,000 USD

PRICE/SF

$243 USD /SF

CAP RATE

6.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

195

LAND DETAILS

LAND ACRES

3.41 AC

LAND SF

148,540 SF

ZONING

CC Special area overlay

APN/PARCEL ID

013-280-019

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

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