8961 Greenback Ln - Freestanding FOR SALE


Orangevale, CA 95662
$11,500,000 USD
408-621-2183
8961 Greenback Ln, Orangevale, CA for Sale
$11,500,000 USD
Freestanding - FOR SALE
1/19
null | 6.12% Cap Rate

8961 Greenback Ln
Orangevale, CA 95662


HIGHLIGHTS

  • Rarely available Northern California Walmart Supercenter
  • Strong passive income from Credit Tenant
  • Fantastic location along well traveled corridor
  • Outstanding dense, infill Northern California location

OVERVIEW

- Absolute Net Ground Lease – no Landlord responsibilities - +/- 2.5 years remaining on original 20-year lease term with a 10% increase at the first option (2026) - 5% increases in each 5-year opt-in thereafter - Walmart Supercenter with attractive architecture and design - More than 89,500 people within 3 miles with more than $90,261 Average Household Income - More than 244,104 people within 5 miles with more than $92,860 Average Household Income - More than 773,500 people within 10 miles with more than $88,800 Average Household Income - Combined traffic count at the intersection of Greenback Lane and Hazel Avenue exceeds 73,000 cars per day - Attractive assumable 3.35% financing available. Seller financing also possible. Contact Broker for further details.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

6.12%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wal-Mart Supercenter

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

480

LAND DETAILS

LAND ACRES

10.18 AC

LAND SF

443,441 SF

ZONING

SPA

APN/PARCEL ID

223-0082-020,223-0082-049

ASK ABOUT THIS PROPERTY

Alex KehriotisJMK Investments, Inc.More Info
408-621-2183

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Alex KehriotisJMK Investments, Inc.More Info
408-621-2183

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