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Shopping Strip

Woodcreek Plaza

7456 Foothills Blvd, Roseville, CA 95747

Listing Price: $6,675,000

Cap Rate
7.29%
Gross SF
22,650
Rentable SF
22,650
Price/Gross SF
$294.70
Lot Size
3.38 acres
Year Built
2001

Investment 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.

Investment 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)
  • Well-Maintained Property with Attractive Curb Appeal

Exclusively Listed By

Shopping Strip

Woodcreek Plaza

Listing Price: $6,675,000

Cap Rate
7.29%
Gross SF
22,650
Rentable SF
22,650
Price/Gross SF
$294.70
Lot Size
3.38 acres
Year Built
2001

Investment 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)
  • Well-Maintained Property with Attractive Curb Appeal

Investment 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.

Exclusively Listed By

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