Investment Overview

Marcus & Millichap is pleased to present for sale a 14,328-square-foot retail center located along the highly trafficked Folsom Boulevard in Rancho Cordova, California. Situated on 1.28 acres, the property offers investors a compelling value-add opportunity with all tenants currently on month-to-month leases and paying below-market rents. Currently 82.6 percent occupied, the center provides immediate upside through lease renegotiation or repositioning. The seller occupies one unit and will vacate upon closing, offering additional flexibility for new ownership. The property benefits from strong visibility and consistent traffic, with over 15,700 vehicles passing daily along Folsom Boulevard—a key commercial corridor in Rancho Cordova. The tenant mix includes long-standing occupants such as Stoney Folks Jewelry, which has operated at the center since 1982, and Mountain Mike’s Pizza, in place since 2015. Way of Life Church occupies five of the nine suites and has maintained tenancy for approximately ten years, also on a month-to-month basis. This flexible rent roll allows investors to implement strategic leasing initiatives to drive NOI growth and reposition the asset for long-term success. Additionally, the building’s roof was replaced approximately seven years ago with an energy-efficient TPO system that carries a 20-year manufacturer’s warranty, reducing future capital expenditure risk. Constructed in 1973, the property is offered at just $134.25 per square foot—well below replacement cost—providing an attractive basis in a high-demand submarket of the Sacramento MSA. The center’s layout and zoning support a variety of retail and service uses, enhancing its long-term adaptability. Rancho Cordova is a dynamic and growing community within Sacramento County, known for its strong employment base, expanding residential population, and business-friendly environment. The area continues to attract both national and local retailers, supported by favorable demographics and infrastructure investment. This offering presents investors a rare opportunity to acquire a well-located retail asset with flexible lease structure, recent capital improvements, and significant upside potential through proactive management and leasing in one of Sacramento’s most active commercial corridors.