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Shopping Strip

3830 Northgate Blvd.

3830 Northgate Blvd, Sacramento, CA 95834

Listing Price: $2,750,000

Cap Rate
6.07%
Gross SF
7,320
Rentable SF
7,320
Price/Gross SF
$375.68
Lot Size
1.00 acres
Year Built
2010

Investment Overview

Marcus & Millichap is pleased to exclusively present a 7,320-square-foot multi-tenant retail strip center located in Sacramento, California. More specifically, the property is located at the Interstate 80 and Northgate Boulevard eastbound on-ramp. The property is currently 100-percent occupied by four service-related tenants all on “Triple-Net (NNN)” leases (no landlord responsibilities). Originally constructed in 2010, the building has been kept in excellent condition and offers visibility along one of the nation’s main Interstate Highways (Interstate 80 at Northgate Boulevard - 243,000 vehicles per day). Located roughly 2.5 miles east of the Interstate-80 and Interstate-5 interchange, the property is well located within the Sacramento area. As a result, multiple local, regional, and national retailers have chosen the surrounding area for store locations. Retailers in the surrounding area include Home Depot, In-N-Out Burger, Walmart, HomeGoods, Starbucks, PetSmart, Chipotle, BevMo, Buffalo Wild Wings, Rubio’s, Applebee’s, etc. (see included aerial photo). Furthermore, the subject property is supported by an abundance of residential rooftops. The population within a three-mile radius is 129,927 and the five-mile radius population is 287,095. Four tenants fully occupy the building, all on a triple-net lease basis. All four of the tenants recently renewed their leases until 12/31/2027. The largest tenant, 524 Mexican Restaurant, occupies two suites totaling 4,300 square feet and has been a tenant in the building since it was constructed in 2010. The second-largest tenant, It’s My Hair Salon, occupies 1,170 square feet signed their lease in 2012. The remaining two suites are occupied by Famous Fades Barbershop, occupying 1,000 square feet (since 2012) and Healthy Massage, occupying 850-square feet (since 2016). Offered at $2,750,000 or a 6.07 percent cap rate, an investor has the opportunity to own a stabilized asset with high traffic counts in Sacramento, California.

Investment Highlights

  • All New Five-Year Lease Renewals with Three-Percent Annual Increases
  • Fully Stabilized Asset with Long-Term Tenant History
  • Immediate Access to Highway 80 (140,700 VPD)
  • Monument Freeway Signage

Exclusively Listed By

Shopping Strip

3830 Northgate Blvd.

Listing Price: $2,750,000

Cap Rate
6.07%
Gross SF
7,320
Rentable SF
7,320
Price/Gross SF
$375.68
Lot Size
1.00 acres
Year Built
2010

Investment Highlights

  • All New Five-Year Lease Renewals with Three-Percent Annual Increases
  • Fully Stabilized Asset with Long-Term Tenant History
  • Immediate Access to Highway 80 (140,700 VPD)
  • Monument Freeway Signage

Investment Overview

Marcus & Millichap is pleased to exclusively present a 7,320-square-foot multi-tenant retail strip center located in Sacramento, California. More specifically, the property is located at the Interstate 80 and Northgate Boulevard eastbound on-ramp. The property is currently 100-percent occupied by four service-related tenants all on “Triple-Net (NNN)” leases (no landlord responsibilities). Originally constructed in 2010, the building has been kept in excellent condition and offers visibility along one of the nation’s main Interstate Highways (Interstate 80 at Northgate Boulevard - 243,000 vehicles per day). Located roughly 2.5 miles east of the Interstate-80 and Interstate-5 interchange, the property is well located within the Sacramento area. As a result, multiple local, regional, and national retailers have chosen the surrounding area for store locations. Retailers in the surrounding area include Home Depot, In-N-Out Burger, Walmart, HomeGoods, Starbucks, PetSmart, Chipotle, BevMo, Buffalo Wild Wings, Rubio’s, Applebee’s, etc. (see included aerial photo). Furthermore, the subject property is supported by an abundance of residential rooftops. The population within a three-mile radius is 129,927 and the five-mile radius population is 287,095. Four tenants fully occupy the building, all on a triple-net lease basis. All four of the tenants recently renewed their leases until 12/31/2027. The largest tenant, 524 Mexican Restaurant, occupies two suites totaling 4,300 square feet and has been a tenant in the building since it was constructed in 2010. The second-largest tenant, It’s My Hair Salon, occupies 1,170 square feet signed their lease in 2012. The remaining two suites are occupied by Famous Fades Barbershop, occupying 1,000 square feet (since 2012) and Healthy Massage, occupying 850-square feet (since 2016). Offered at $2,750,000 or a 6.07 percent cap rate, an investor has the opportunity to own a stabilized asset with high traffic counts in Sacramento, California.

Exclusively Listed By

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