850 E Bidwell St - Retail FOR SALE


Folsom, CA 95630
$13,448,000 USD
949-725-8507
850 E Bidwell St, Folsom, CA for Sale
$13,448,000 USD
Retail - FOR SALE
1/7
null | 6% Cap Rate

850 E Bidwell St
Folsom, CA 95630


HIGHLIGHTS

  • Trader Joe’s Anchored Shopping Center
  • Leasing Momentum – Trader Joe’s recently exercised a 10-year renewal option
  • Strong Historical Occupancy – Secure, established income stream – 5 tenants (74% of the leased GLA) have occupied the property for 12+ years

OVERVIEW

* Trader Joe’s Anchored Shopping Center – Anchored by Trader Joe’s and shadow anchored by Lowe’s (NAP) along with a synergistic mix of co-tenants including Home Consignment Center, Adam’s Meat Shop, A-1 Comics, Beauty Haus Nails, and more * Leasing Momentum – Trader Joe’s recently exercised a 10-year renewal option proving its commitment the site and the long-term viability of the shopping center * Strong Historical Occupancy – Secure, established income stream – 5 tenants totaling ±31,817 SF (74% of the leased GLA) have occupied the property for ±12 years or more including national brands Trader Joe’s and Home Consignment Center having operated for +20 years, demonstrating a recession resistant asset with high tenant demand * High-Traffic, Easily Accessible Location – Folsom Town Center is situated on E Bidwell St (±22,849 CPD), Montrose Dr (±5,030 CPD), and adjacent to Blue Ravine Rd (±20,705 CPD), and less than 2 miles away from El Dorado Fwy (±97,490 CPD), making the property easily accessible to local and regional patrons alike * Growing Residential Proximity – Proximity to ±11,000 new homes recently built or planned in Folsom on the south side of Highway 50. Folsom ranks as the third fastest-growing city in California according to the State Finance Department, keeping the property busy during all days of the week * Improving, Affluent Demographics – More than 84,807 people within a 3-mile radius, with an Average Household Income of $174,868, and more than 161,497 people within a 5-mile radius, with an Average Household Income of $188,642

FOR SALE DETAILS

PRICE

$13,448,000 USD

PRICE/SF

$311 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Folsom Town Centre

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

225

LAND DETAILS

LAND ACRES

4.15 AC

LAND SF

180,774 SF

ZONING

C-2

APN/PARCEL ID

071-0320-107

ASK ABOUT THIS PROPERTY

Jimmy SlusherCBRE, Inc.More Info
949-725-8507

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Jimmy SlusherCBRE, Inc.More Info
949-725-8507

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