145 Ferrari Ranch Rd Lincoln, CA 95648
- Medical Office Space
- 3,635 SF
- 1.00 lot acres
Current Use by Public Records
- Motto Clear Aligners / Dental Office
- Gursimrat Judge / Dental Office
- Aspen Dental - Lincoln, CA / Dental Office
Property Details for 145 Ferrari Ranch Rd
- Year built
- 2023
- Construction
- WOOD
- Lot size
- 1.00 lot acres
- Property size
- 3,635 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 021-344-004-000
- APU
- 21344004000
Description
This exceptional investment opportunity presents a brand-new, single-tenant, free-standing Aspen Dental building situated within the thriving Lincoln Crossing Marketplace in Lincoln, California. The property boasts a 3,635 square foot building constructed in 2023 on a one-acre lot, currently operating under a net lease with a remaining term of 9.1 years, expiring December 31, 2033. The lease includes rent bumps, providing for a 10% increase every five years. The property enjoys a highly visible location adjacent to In-N-Out Burger at the primary ingress to the power center, which is anchored by major retailers such as Target, Home Depot, TJ Maxx, Ulta, and Sprouts. The tenant, Aspen Dental, invested over $750,000 in tenant improvements, demonstrating a strong commitment to the location. The property's strong financial performance is reflected in its 4.75% cap rate and a Net Operating Income (NOI) of $175,000, with an asking price of $3,685,000 ($1,013.76 per square foot). Lincoln, CA is a rapidly growing, affluent master-planned community within Placer County, part of the Sacramento MSA, with an average household income exceeding $124,000 within a five-mile radius. The property is zoned C and features a single story building. This is a rare opportunity to acquire a high-quality, net-leased asset in a prime location with significant upside potential. The property's build-to-suit nature also includes transferable warranties. The lease structure is a 3x5-year option. The APN is 021 344 004 00 0.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $615,000
Market price range: $173k - $615k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $835,000 Current use
- OFFICE BUILDING
- $1,055,000 Change: +26% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,025,000 Change: +23% Conversion: Easy
- AUTO REPAIR, GARAGE
- $975,000 Change: +17% Conversion: Difficult
- RETAIL STORES
- $815,000 Change: -3% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Placer
- State
- California
- Longitude
- -121.305
- Latitude
- 38.8719
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
