Building Details

Building Size 13,869 SF

Year Built 2003

Tenancy Multi

Listing Agency: Northgate Commercial Real Estate

Listed By: Xavier Santana · License #01317296 Show Phone

Source: Commercialcafe

Added: Jul 28 Changed: Oct 20 Last Checked: Oct 23 at 3:38AM

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Investment Insights

Based on property information with market context.

This is a fully leased two-tenant NNN retail investment. The property is offered as an NNN retail asset and is configured to serve two tenants under a net lease structure. The building was constructed in 2003 and totals 13,869 SF.

A key feature is Highway 99 visibility, supporting retail exposure from the adjacent roadway.

For buyers seeking a stabilized, two-tenant NNN retail product, this offering combines a defined tenant count with highway-facing visibility and a relatively recent construction year of 2003.

Key Highlights

• Fully leased two‑tenant NNN retail investment
• Highway 99 visibility
• 13,869 SF total building size

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$152,857

Cap Rate

3.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,057,140 $3.1M

Cap Rate 7%

$2,183,671 $2.2M

Cap Rate 9%

$1,698,411 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,869 SF

Gross rent

$236.3K $17.04/SF

− Vacancy

−$18.0K −$1.30/SF

EGI

$218.4K $15.74/SF

− OpEx

−$65.5K −$4.72/SF

NOI

$152.9K $11.02/SF

Area

Elk Grove, CA

Vacancy

7.60%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,057,140

Cap Rate 7%

$2,183,671

Cap Rate 9%

$1,698,411

Alternative Uses

Best Use

Retail

$2.18M

$1.91M – $2.55M (±1% cap)

NOI $152,857 @ 7.0% cap · market cap 3.47%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.47M

$3.03M – $4.04M (±1% cap)

NOI $242,649 @ 7.0% cap · market cap 5.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Tacos My Rosita Restaurant Kelly-Moore Paints Hardware & Home Improvement Soccer City (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Restaurant Nail Salon Parking Lot & Garage Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

409

Businesses Nearby

6k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

U-Haul Moving & Storage of Elk Grove Shops & Services

3,772 visits/mo 0.2 miles

Carstar Capitol Collision Shops & Services

926 visits/mo 0.5 miles

Caliber Collision Shops & Services

920 visits/mo 0.4 miles

Demographics for 95624, CA

66,575

Population

20,740

Households

3.2

Avg Household Size

39

Median Age

33%

College-Educated

89%

High-School Grad

45.6 sq mi

ZIP Area

1,460

Density / Sq Mi

$121,269

Median Household Income

$53,303

Median Earnings

$1,960

Median Rent

$603,700

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Fully leased two-tenant NNN retail investment with Highway 99 visibility and a 2003 build year.

Where is this nnn property located?

The property is located at 10299 E Stockton Blvd Elk Grove, CA.

What is the asking price?

The asking price for this property is $4,400,000.

What are key features of this property?

This property features: Fully leased two‑tenant NNN retail investment; Highway 99 visibility; 13,869 SF total building size