3250 Bidwell St Folsom, CA 95630-7251

Property Details for 3250 Bidwell St

Zone code

SP-GC (PD)

Property type

Commercial land

APN

072-4150-002-0000

APU

7241500020000

Description

This exceptional investment opportunity presents a 2,200 square foot Starbucks located at 3250 E Bidwell St, Folsom, CA 95630. The property sits on a 0.8-acre lot and boasts a strong 10.4-year net lease (NN+) with a credit-rated corporate guarantee from Starbucks Corporation. Built in 2024, this single-tenant property offers a substantial NOI of $175,000 and a compelling 4.75% cap rate. The lease commenced September 15, 2024, and expires February 15, 2035, including rent bumps. This strategically positioned outparcel is part of a new retail center, The Shops at Folsom Ranch, and benefits from high traffic counts exceeding 43,000 vehicles daily on nearby State Route 50. The property enjoys excellent visibility and proximity to major employers like UC Davis Health and Dignity Health, as well as residential communities, creating a robust customer base. The affluent area boasts an average annual household income of $282,028 within a one-mile radius, and significant population growth since 2010. This is a rare opportunity to acquire a high-performing, investment-grade asset in a thriving California market. The asking price is $3,684,000. This property is suitable for a 1031 exchange.