Renovated Retail Center with Strong
1607-1617 Douglas Blvd, Roseville, CA
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Recently renovated retail center with credit tenants and below-market rents.
Type:RETAIL
Property size:
35,988 SFLot size:
6.47 AcresPrice / SF:
$237/SF- Added:
- Jul 23, 2025
- Days on Market:
- 298
- Last Refresh:
- Apr 5 at 9:29 pm
Property Features for 1607-1617 Douglas Blvd
General Information
- Standard status
- Active
- Size
- 35,988 SF
- Lot size
- 6.47 Acres
- Property subtype
- RETAIL
Listing agent Ryan Bennett License #02049653 (760) 519-0240
Listing office Lee & Associates | North San Diego County (760) 519-0240
Listing date Jul 23, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | North San Diego County
HighLights
- Strong Corporate Credit Tenants (Skechers & Harbor Freight Tools) with Corporate Lease Guarantees.
- New 10‑Year Triple (NNN) Leases With 10% Rent Escalations Every 5 Years.
- Under‑Market Rent of $15.00 PSF compared to $24-$28/PSF NNN Market Rental Rate.
- Completely Renovated in 2024 & 2025 with New Roof, HVAC & Parking Lot.
- High‑Demand A+ Real Estate Location with Low 4.8% Retail Vacancy Rate on Douglas Blvd.
- Less Than 1/2 Mile From I‑80 Freeway Exit; Shadow Anchored by Hobby Lobby & Ross Dress for Less.
Overview
This retail property features Skechers and Harbor Freight Tools as tenants, both with corporate lease guarantees. The property was completely renovated in 2024 and 2025, with a new roof, HVAC system, and parking lot, indicating no deferred maintenance. New 10-year triple net (NNN) leases are in place, featuring 10% rent escalations every 5 years, demonstrating the tenants' commitment to the location. The tenants are currently paying an under-market rent of $15.00 per square foot, below the current market rental rate of $24-$28 per square foot. The property benefits from a low retail vacancy rate of 4.8% and high demand in an A+ real estate location on Douglas Blvd. It has frontage and is located less than 1/2 mile from the I-80 Freeway exit. The location is shadow-anchored by Hobby Lobby and Ross Dress for Less. The property is situated in a growing, affluent Sacramento suburb with a population of 2.6 million in the MSA. The property size is 35988 square feet.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$6.20M
NOI $558,141 @ 9.00% cap · cautious / downside scenario
Moderate
$7.97M
NOI $558,141 @ 7.00% cap · market / base-case scenario
Aggressive
$11.16M
NOI $558,141 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $846.4k | $23.52 |
| − Vacancy | −$49.1k | −$1.36 |
| EGI | $797.3k | $22.16 |
| − OpEx | −$239.2k | −$6.65 |
| NOI | $558.1k | $15.51 |
35,988 SF · lease $23.52/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$7.97M
$6.98M – $9.30M
NOI $558,141 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.90M
$8.67M – $11.56M
NOI $693,347 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Strip malls
Location Insight
- Map
- Local Demand
- City
- Roseville
- County
- Placer
- State
- California
- Longitude
- -121.265
- Latitude
- 38.7454
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - Recently renovated retail center with credit tenants and below-market rents.
Where is this strip mall located?
The property is located at 1607-1617 Douglas Blvd Roseville, CA.
What is the asking price?
The asking price for this property is $8,550,000.
What are key features of this property?
This property features: Strong Corporate Credit Tenants (Skechers & Harbor Freight Tools) with Corporate Lease Guarantees.; New 10‑Year Triple (NNN) Leases With 10% Rent Escalations Every 5 Years.; Under‑Market Rent of $15.00 PSF compared to $24-$28/PSF NNN Market Rental Rate.
