7456 Foothills Blvd - Retail FOR SALE


Roseville, CA 95747- Pleasant Grove
$6,675,000 USD
916-724-1326
7456 Foothills Blvd, Roseville, CA for Sale
$6,675,000 USD
Retail - FOR SALE
1/16
null | 7.25% Cap Rate

7456 Foothills Blvd
Roseville, CA 95747
Pleasant Grove


HIGHLIGHTS

  • Located on the Signalized Corner of Foothills Boulevard & Pleasant Grove Boulevard (79,000+ Vehicles Per Day)
  • 95% Occupied by Diverse and Internet-Resistant Tenant Mix
  • All Tenants on Triple-Net Leases with Staggered Lease Expiration Dates
  • In Place Rents at or Below Market Rental Rate (Most Recent Lease Signed at Second Highest Rent Per Square Foot in the Center)

OVERVIEW

Woodcreek Plaza is a 22,650-square-foot multi-tenant retail strip center situated on a 3.38-acre commercial parcel in Roseville, California. The property is located at the signalized intersection of Foothills Boulevard and Pleasant Grove Boulevard, which experiences a traffic volume of approximately 70,500 vehicles per day. Constructed in 2001, the building is currently 95% occupied, with 13 tenants leasing 19 suites (some tenants occupy multiple suites). There is one vacant suite available, measuring 1,200 square feet. Additionally, the property generates rental income from a T-Mobile antenna and a Texgreen clothing bin. Woodcreek Plaza has historically maintained a high occupancy rate, with several tenants having operated in the center for five years or more. The most recent lease, a Beer & Wine Store, was signed in April 2024 at a rental rate of $1.87 per square foot (PSF) on a triple-net (NNN) basis. This tenant occupies two suites totaling 2,200 square feet. The highest-paying tenant, Sky Sushi, is currently leased at $2.15 PSF NNN, providing investors with confidence that current rental rates are at or below market value. All tenants are on NNN leases with staggered lease expiration dates. The center features a diverse and internet-resistant tenant mix, including restaurants (Beach Hut Deli, Sky Sushi, Senpais Cafe), personal services (The Rose Barber Shop, Oasis Massage, Sacred Arrow Tattoo Studio, V Nail Salon & Spa), retail and professional services (Beer & Wine Store, Anthoney’s Tailoring, Porter’s Draft House, Woodcreek Dentistry, Eye Level Learning Center). Woodcreek Plaza consists of multiple parcels, though only a portion is included in this offering. The full development comprises nine parcels totaling 10 acres. Each parcel is responsible for its pro-rata share of the common area expenses. The entire development is fully built out with a mix of office and retail buildings. The common areas are well-maintained, featuring attractive landscaping, parking lot lighting, and a recently sealed and striped parking lot.

FOR SALE DETAILS

PRICE

$6,675,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

114

LAND DETAILS

LAND ACRES

3.38 AC

LAND SF

147,233 SF

ZONING

Roseville

APN/PARCEL ID

477-100-031

ASK ABOUT THIS PROPERTY

Edward NelsonMarcus & Millichap Real Estate Investment ServicesMore Info
916-724-1326

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Edward NelsonMarcus & Millichap Real Estate Investment ServicesMore Info
916-724-1326

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