MISSION CRITICAL MIXED USE OFFICE/RETAIL PROPERTY ON LONG-TERM NNN LEASE
* 100% occupied property leased by one tenant who operates two businesses from this location – Copier Clearance Center and Help! Resale.
-- Copier Clearance Center, which has been in business since 1993, is a Sacramento outlet store that sells used and new printers and copiers nationwide.
-- Help! Resale is a growing consignment store company that helps businesses monetize surplus inventory.
* The subject property is mission critical to the success of both businesses:
-- Highly visible location at “T” intersection (over 40,000 cars per day) provides valuable business signage and visibility.
-- Secured gated parking area allows for secure loading/ unloading, staging, storage and sale of inventory.
-- Elevator-served two-story building with mix of private offices and open workspace allows for full use of interior for storing, organizing/grouping, and processing inventory.
-- Flexible zoning (SPA designation permits office and retail uses) is necessary for these businesses to operate.
* This single tenant investment features a 7-year NNN lease with two 5-year options, annual 2.5% rent increases, at an attractive 7.3% going-in cap rate, offering the opportunity for a passive, secure income stream for many years.
EXCELLENT INFILL LOCATION WITH DENSE POPULATION AND MINIMAL VACANCY
* Within a 5-mile radius of the property, there is a population of 374,373 residents, AHHI of $94,985, and a large employment base (134,656 employees).
* The property is situated in the Carmichael/Fair Oaks submarket, which has the lowest office vacancy in the entire Sacramento market at only 2.7%.
* Carmichael is known for its parks, restaurants, shopping areas, and diverse and affordable housing options, along with its enviable geographic location in the very center of the Sacramento market, giving its residents easy access to Downtown, Folsom, Roseville and all areas in between.