1815 Douglas Blvd Roseville, CA 95661
- Retail space
- 75,754 SF
- 6.70 lot acres
Current Use by Public Records
- Hobby Lobby / Picture Frame Shop / Scrapbooking Store
- NNE Garage Doors Repair / General Contractor
Property Details for 1815 Douglas Blvd
- Year built
- 1983
- Construction
- TILT-UP CONCRETE
- Lot size
- 6.70 lot acres
- Property size
- 75,754 SF
- Zone code
- IPD
- Property type
- Retail space
- APN
- 048-520-003-000
- APU
- 48520003000
Description
This exceptional investment opportunity presents a 76,083-square-foot Hobby Lobby store located at 1815 Douglas Blvd, Roseville, CA 95661. The property boasts a strong corporate guarantee from a financially stable tenant with a long-term net lease (NN) in place, offering minimal landlord responsibilities. Built in 1983, this single-story building sits on a 6.7-acre lot and benefits from a prime location in a dense retail corridor, experiencing high vehicular traffic volume due to its proximity to Douglas Boulevard (approximately 61,994 vehicles per day) and Interstate 80 (approximately 195,185 vehicles per day). The lease commenced October 22, 2011, and has a remaining term of 9.9 years, with two five-year renewal options. Rent bumps occur every five years. The property's strong financial performance is reflected in its 5.50% cap rate and a substantial net operating income (NOI) of $646,705. The asking price is $11,758,000, translating to a price per square foot of $154.54. The property benefits from outstanding local demographics, including an affluent population with a high average household income ($140,000). This investment offers a compelling combination of stability, strong cash flow, and significant upside potential in a thriving Sacramento MSA market with a population exceeding 2.6 million. The tenant, Hobby Lobby, has a robust revenue exceeding $7.9 billion, further solidifying the investment's security. This is a rare opportunity to acquire a high-quality, net-leased retail property with a long-term, creditworthy tenant.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roseville
- County
- Placer
- State
- California
- Longitude
- -121.261
- Latitude
- 38.7454
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
