3240 Bidwell St Folsom, CA 95630-7251
Property profile & analytics
3240 Bidwell St, Folsom, CA 95630-7251
- Commercial land
Property ID
US09-4181146
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 3240 Bidwell St
- Zone code
- SP-GC (PD)
- Property type
- Commercial land
- APN
- 072-4150-004-0000
- APU
- 7241500040000
Description
This exceptional investment opportunity presents a 20-year absolute NNN ground lease for a Chevron convenience store and gas station located at 3240 E Bidwell St, Folsom, CA 95630. The 4,000 square foot property sits on a 1.3-acre lot and boasts a strong NOI of $185,000, yielding a 4.35% cap rate. The lease commenced July 15, 2024, and includes 20 years remaining, with rent bumps built in. The tenant, Chevron U.S.A. Inc., is investment-grade rated and provides a corporate guarantee, ensuring a secure and passive income stream. This prime location is just off State Route 50 (115,500 AADT), a major thoroughfare in the Sacramento MSA, and benefits from its proximity to a new retail center, The Shops at Folsom Ranch, and significant residential developments. The site is surrounded by major employers, including UC Davis Health and Dignity Health, and is situated within the rapidly growing Folsom Ranch master-planned community. With over 118,000 residents within a 5-mile radius and an average household income exceeding $282,000 within a 1-mile radius, this property offers exceptional stability and growth potential. The property is also ideally suited for a 1031 exchange. The lease includes two five-year option periods and a third option period of four years and eleven months. This is a rare opportunity to acquire a high-quality, long-term net lease investment in a thriving California market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,100,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Folsom
- County
- Sacramento
- State
- California
- Longitude
- -121.113
- Latitude
- 38.6374
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$19,941
$1,092,420
$0.00
$1,092,420
-
$0.00
$0.00
$0.00
