771 Ikea Ct - Restaurant FOR SALE


West Sacramento, CA 95605
$6,225,000 USD
559-916-0370
771 Ikea Ct, West Sacramento, CA for Sale
$6,225,000 USD
Restaurant - FOR SALE
1/5
null | 6.5% Cap Rate

771 Ikea Ct
West Sacramento, CA 95605


HIGHLIGHTS

  • Fully occupied
  • Prime retail location
  • Diverse tenant mix

OVERVIEW

Prime Retail Location: Situated in West Sacramento’s Riverpoint Marketplace, a super-regional power center with national and regional anchor tenants including IKEA, Walmart, and Home Depot. 100% Occupied Multi-Tenant Property: Secure investment with long-term leases extending to 2030 for Mattress Firm, 2028 for MOD Pizza, and a newly signed 10-year lease for Daiso. Strong Demographics: A nearby population of 202,295 with an average household income of $128,157 within a 5-mile radius. High Visibility and Accessibility: Located less than a mile from the interchange of Interstate 80 and Highway 50, benefiting from excellent signage visibility to over 187,000 vehicles per day. Diverse Tenant Mix: The center boasts a varied assortment of quick-service restaurants, daily needs, and service tenants. Recent Housing Growth: Surrounding neighborhoods have experienced significant recent housing developments, enhancing the property’s value. Attractive Financials: Offered at $6,225,000 with a 6.50% cap rate and an NOI of $404,442.

FOR SALE DETAILS

PRICE

$6,225,000 USD

PRICE/SF

$447 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

C-3

APN/PARCEL ID

014-793-074-000

ASK ABOUT THIS PROPERTY

Brett VisintainerVisintainer GroupMore Info
559-916-0370

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Brett VisintainerVisintainer GroupMore Info
559-916-0370

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