Grocery-Anchored Shopping
For Sale
Contact for pricing
5100 Stockton Boulevard, Sacramento, CA 95820
Redeveloped retail center with established national and local operators, multiple drive-thru users, and convenient access in South Sacramento.
Property Size131,733 SF
Price / SF$201.16
Days on Market11
Property Features for 5100 Stockton Boulevard
General Information
Standard status
Active
Size
131,733 SF
Property subtype
Retail
Occupancy
84%
Site & Location
Drive-Thru
Yes
Anchor Co-Tenants
Smart & Final extra!, Ross, Planet Fitness, Aaron’s Rentals, Burger King, Popeyes, Dutch Bros
Building Details
Year Renovated
2021
Tenancy
Multi
Listing Agency:
Cushman & Wakefield - Sacramento, California
Listed By:
Rick Ryan · License #CA 01440204
(916) 633-0501
Source:
Crexi
Added: Sep 10
Changed: Sep 18
Last Checked: Sep 20 at 8:44AM
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 Cushman & Wakefield - Sacramento, California
Investment Insights
Based on property information with market context.
Capital City Plaza is a 131,733-square-foot shopping center in South Sacramento that was redeveloped in 2021. The property is 84% leased and benefits from a grocery anchor alongside a diversified tenant roster that includes Smart & Final extra!, Ross, Planet Fitness, Aaron’s Rentals, Burger King, Popeyes, and Dutch Bros. Several food and beverage occupants feature drive-thru service, while the center’s 6.9-year WALT provides a defined lease-duration profile.
The property is located at 5100 Stockton Boulevard in Sacramento, California, within an established retail trade area. The center offers visibility and access, with nearly 170K residents within 3 miles. The surrounding retail submarket has a 6.3% vacancy rate, providing additional context for the property’s operating environment.
The property is located at 5100 Stockton Boulevard in Sacramento, California, within an established retail trade area. The center offers visibility and access, with nearly 170K residents within 3 miles. The surrounding retail submarket has a 6.3% vacancy rate, providing additional context for the property’s operating environment.
Key Highlights
- 131,733 SF grocery‑anchored shopping center
- 84% leased with a 6.9‑year WALT
- Redeveloped in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$2,043,059
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$40,861,180
$40.9M
Cap Rate 7%
$29,186,557
$29.2M
Cap Rate 9%
$22,700,656
$22.7M
Market Conditions
NOI Build-Up for 131,733 SF
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.
Gross rent
$3.10M $23.52/SF
− Vacancy
−$179.7K −$1.36/SF
EGI
$2.92M $22.16/SF
− OpEx
−$875.6K −$6.65/SF
NOI
$2.04M $15.51/SF
Area
Sacramento, CA
Vacancy
5.80%
Lease Rate
$23.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$40,861,180
Cap Rate 7%
$29,186,557
Cap Rate 9%
$22,700,656
Alternative Uses
Best Use
Specialty Retail
$35.40M
$30.97M – $41.30M
NOI $2,477,898 @ 7.0% cap · market cap 9.35%
Second Best
Retail
$29.19M
$25.54M – $34.05M
NOI $2,043,059 @ 7.0% cap · market cap 7.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
84%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
306k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 23%
Shops & Services 21%
Apparel 10%
Foods Co
Groceries
38,001 visits/mo
0.1 miles
Smart & Final
Groceries
32,309 visits/mo
0.0 miles
Dutch Bros. Coffee
Dining
28,875 visits/mo
0.1 miles
Starbucks
Dining
24,185 visits/mo
0.4 miles
McDonald's
Dining
23,288 visits/mo
0.3 miles
Demographics for 95820, CA
36,848
Population
14,254
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
81%
High-School Grad
5.3 sq mi
ZIP Area
6,952
Density / Sq Mi
$69,905
Median Household Income
$42,244
Median Earnings
$1,646
Median Rent
$394,300
Median Home Value
Market
Vacancy Rate% for Retail in Sacramento, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Redeveloped retail center with established national and local operators, multiple drive-thru users, and convenient access in South Sacramento.
Where is this shopping center located?
The property is located at 5100 Stockton Boulevard Sacramento, CA.
What is the asking price?
The asking price for this property is $26,500,000.
What are key features of this property?
This property features: 131,733 SF grocery‑anchored shopping center; 84% leased with a 6.9‑year WALT; Redeveloped in 2021
