6955 Stockton Blvd - Storefront Retail/Office FOR SALE


Sacramento, CA 95823
$3,372,200 USD
559-215-1719
6955 Stockton Blvd, Sacramento, CA for Sale
$3,372,200 USD
Storefront Retail/Office - FOR SALE
1/9
null | 6% Cap Rate

6955 Stockton Blvd
Sacramento, CA 95823


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.

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.

FOR SALE DETAILS

PRICE

$3,372,200 USD

PRICE/SF

$273 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stockton Boulevard Strip Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

SC, Sacramento

APN/PARCEL ID

043-0220-032

ASK ABOUT THIS PROPERTY

Ibrahim AlwareethThe Wareeth Group LLCMore Info
559-215-1719

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Ibrahim AlwareethThe Wareeth Group LLCMore Info
559-215-1719

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