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    11248 Old Ml Ln Sutter Creek, CA 95642

    For Sale
    $2,795,000

    Prime Starbucks-anchored shopping center

    Property size:
    5,556 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional value-add opportunity presents a 5,556 square foot, single-story shopping center in Jackson, California. The property, built in 2006, boasts a strong tenant mix including Starbucks, Verizon, and Little Caesars, with a total of four tenants. Currently operating at 83% occupancy, the center generates a Net Operating Income (NOI) of $137,976, representing a 4.94% cap rate. Pro-forma projections indicate a significant increase in NOI to $159,576 and a 5.71% cap rate. The property is situated on a 33,541 square foot lot and is zoned for commercial use. The asking price is $2,795,000, translating to $503.06 per square foot. Tenants are credit-rated with corporate guarantees, ensuring financial stability. The property's prime location benefits from proximity to other national retailers such as Carl's Jr., McDonald's, Safeway, Petco, AutoZone, Lowe's, and Round Table Pizza. This is a triple net (NNN) lease arrangement. The property is offered as a 1031 exchange opportunity. This is a rare opportunity to acquire a well-located, established shopping center with significant upside potential.

    Property Features for 11248 Old Ml Ln

    General Information

    Property type
    Lifestyle centers
    Square Feet
    5,556 SF
    Class
    B

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • $2,795,000 asking price for this value‑add retail shopping center.
    • 5,556 square feet on a 33,541 square foot lot in Jackson, CA.
    • Four tenants, including Starbucks, Verizon, and Little Caesars, with an 83% occupancy rate.
    • NNN lease type with credit‑rated tenants and corporate guarantees.
    • 4.94% current cap rate, 5.71% pro‑forma cap rate; $137,976 current NOI, $159,576 pro‑forma NOI.
    • Class B, single‑story building constructed in 2006, located in a prime retail area with strong neighboring tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Little Caesars Pizza Pizza Restaurant Starbucks Internet Cafe Verizon Cell Phone Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sutter Creek
    County
    Amador
    State
    California
    Longitude
    -120.7995044
    Latitude
    38.3710937

    Nearby Comparable

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      Sutter Creek Commercial Land Parcel

      Prime C-2 zoned land, ready to build.
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    FAQs

    What type of property is this?
    Lifestyle center - Prime Starbucks-anchored shopping center
    Where is this lifestyle center located?
    The property is located at 11248 Old Ml Ln Sutter Creek, CA.
    What is the asking price?
    The asking price for this property is $2,795,000.
    What are key features of this property?
    This property features: $2,795,000 asking price for this value-add retail shopping center.; 5,556 square feet on a 33,541 square foot lot in Jackson, CA.; Four tenants, including Starbucks, Verizon, and Little Caesars, with an 83% occupancy rate.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11248 Old Ml Ln Sutter Creek, CA 95642
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