3260 Bidwell St Folsom, CA 95630-7251

Property Details for 3260 Bidwell St

Zone code

SP-GC (PD)

Property type

Commercial land

APN

072-4150-005-0000

APU

7241500050000

Description

This exceptional investment opportunity presents a brand-new, 6,900 square foot veterinary hospital in Folsom, CA, situated on a 1.48-acre lot. The property boasts a 15-year absolute NNN lease with Folsom Ranch Veterinary Hospital, commencing July 9, 2024, and expiring July 9, 2039. The lease includes built-in 10% rent increases every five years, ensuring consistent passive income growth. The property's strong financial performance is reflected in its $414,000 NOI and a 6.00% cap rate, making it an attractive addition to any portfolio. The hospital offers comprehensive pet services and benefits from its strategic location within The Shops at Folsom Ranch, a thriving retail center anchored by national brands like Starbucks and The Habit Burger Grill. This prime location, just off State Route 50 (115,500 AADT), enjoys high visibility and accessibility, with significant traffic volume. The surrounding area is experiencing robust population growth and features major employers like UC Davis Health and Dignity Health, creating a substantial and stable customer base. The average household income within a 1-mile radius is $282,028, indicating a highly affluent demographic. This property is ideally suited for a 1031 exchange. The asking price is $6,900,000. Year built: 2024.

Location Insight

City

Folsom

County

Sacramento

State

California

Longitude

-121.113

Latitude

38.6365

CBSA code

40900

CBSA name

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

Property Tax & Assessments