Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 4245 Marconi Avenue, a three-suite retail property in Sacramento, California. Built in 2010, the property is approximately 6,370 square feet on 0.62 acres and is currently 68.6 percent occupied by Panda Express and Falafel Corner. The remaining 2,000-square-foot endcap suite is vacant and configured as a second-generation restaurant space, offering a purchaser an immediate opportunity to increase income through lease-up. The property is positioned at the signalized intersection of Marconi Avenue and Eastern Avenue, with visibility to approximately 38,500 vehicles per day. Within a three-mile radius, the surrounding trade area includes more than 140,000 residents and an average household income exceeding $108,000. Dense demographics, multiple points of ingress and egress, and ample parking combine to create a highly functional retail site that offers convenient customer access. The existing tenant base includes Panda Express (who has operated at this site since it’s construction in 2010), and Falafel Corner. According to Placer.AI, Panda Express ranks 8th amongst 28 Panda Express stores in a 15-mile radius. Surrounding tenants include a variety of regional and national operators, including McDonalds, Raley’s, Winco Food, Carl’s Jr., KFC, Jack-In-The-Box, and many more. As California’s Capital, Sacramento is the economic and governmental center of California, supported by a diverse employment base that includes state government, healthcare, education, technology, and professional services. Strong population growth, rising household incomes, and ongoing investment in business and infrastructure continue to drive demand for retail, office, industrial, and residential real estate throughout the market. Offered at $2,500,000, or $392.46 per square-foot, this asset presents an excellent value-add opportunity for a newer retail building, all while priced at about half of replacement cost.