3140 Elkhorn Blvd North Highlands, CA 95660-3018

Property Details for 3140 Elkhorn Blvd

Year built

2022

Construction

WOOD

Lot size

1.36 lot acres

Property size

4,620 SF

Zone code

M-1

Property type

Gas stations

APN

208-0103-002-0000

APU

20801030020000

Description

This exceptional retail property, located at 3140 Elkhorn Blvd in North Highlands, California (zip code 95660), presents a compelling investment opportunity. The property boasts a substantial 59,241 square feet of retail space, situated on a 1.36-acre lot. Constructed in 2021, the building is under a 15-year Absolute NNN lease, commencing July 31, 2020, and expiring July 30, 2035. With 10.7 years remaining on the lease term, this investment offers significant long-term stability. The current asking price is $2,300,000, translating to a price per square foot of $38.82. The property generates a Net Operating Income (NOI) of $126,500, resulting in an attractive 5.50% capitalization rate. This property is ideally situated in Sacramento County, offering excellent access and visibility within the North Highlands community. The strong lease terms, substantial square footage, and impressive NOI make this a highly desirable investment for discerning buyers seeking a stable and profitable retail asset. This is a turnkey opportunity with minimal management requirements, providing a secure and lucrative return on investment.

Location Insight

City

North Highlands

County

Sacramento

State

California

Longitude

-121.393

Latitude

38.6899

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments