6001 Florin Rd Sacramento, CA 95823-2484

Property Details for 6001 Florin Rd

Year built

2008

Construction

WOOD

Property size

7,990 SF

Zone code

SC

Property type

Strip malls

Property subtype

Shopping centers

APN

042-0011-037-0000

APU

4200110370000

Description

This exceptional investment opportunity presents a 7,799 square foot, single-story, Class B shopping center in Sacramento, California. The property, built in 2008, sits on a 0.6-acre lot and boasts 100% occupancy with two strong national tenants: Mattress Firm and Wayback Burgers. Both tenants operate under long-term NNN leases with a weighted average lease term remaining of approximately 10 years, providing significant lease stability and predictable cash flow. The property generates a substantial Net Operating Income (NOI) of $229,538, resulting in an attractive 7.50% capitalization rate. The asking price is $3,061,000, translating to a price per square foot of $392.49. This strategically located center benefits from a regional draw, situated within a dominant community center alongside major retailers such as Walmart Supercenter, Chuze Fitness, PetSmart, and AutoZone. The property's location in the heart of Sacramento ensures high visibility and consistent customer traffic. The leases include a 10-15% administrative fee recapture provision, further enhancing the investment's return. This stabilized investment offers a compelling opportunity for long-term growth and passive income generation. The property's strong tenant mix, long-term leases, and prime location make it an ideal addition to any diversified real estate portfolio.

Location Insight

City

Sacramento

County

Sacramento

State

California

Longitude

-121.435

Latitude

38.4965

CBSA code

40900

CBSA name

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

Property Tax & Assessments