Current Use by Public Records
- Lifestyle centers
Property Details for 8320 Delta Shr Cir
- Year built
- 2021
- Lot size
- 7.54 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a meticulously maintained, Class A, 85,303 square foot At Home retail property located at 8320 Delta Shores Cir S, Sacramento, CA 95832. Boasting a strong corporate guarantee and a long-term NNN lease with 11.5 years remaining (expiring 05/31/2036), this single-tenant shopping center offers significant upside potential. The property features built-in rent bumps of 10% every 5 years, ensuring consistent income growth. With a current NOI of $1,464,836 and an attractive 8.25% cap rate, this asset represents a compelling addition to any portfolio. Constructed in 2021 on a 7.54-acre lot, the property benefits from its prime location within the vibrant Delta Shores Regional Shopping Center, a large-scale retail hub with over 70 stores. This thriving area enjoys robust demographics, with an average household income exceeding $99,000 and over 297,000 residents within a 5-mile radius. The property's strategic positioning along a major retail corridor, with excellent freeway visibility and access to Interstate-5 (116,000+ vehicles per day), ensures high traffic volume. The Delta Shores community, an 800-acre mixed-use development, is experiencing significant growth, further enhancing the property's long-term value. This is the only At Home store within a 100-mile radius, minimizing competition and maximizing market share. The asking price is $17,760,000.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.49
- Latitude
- 38.4597
