6135 San Juan Ave Citrus Heights, CA 95610-5601

This exceptional investment opportunity presents a fee-simple interest in a 72,660 square-foot Kohl's storefront located at 6135 San Juan Ave, Citrus Heights, CA 95610. The property sits on a 5.55-acre lot and boasts a strong 7.00% cap rate, generating a substantial NOI of $703,349. The current lease, a net lease with limited landlord responsibilities, offers a passive investment approach, with a remaining term of 5.2 years. The lease commenced February 1, 2010, and expires January 31, 2030, with two 5-year and one 4-year lease options, each including a 10% rent bump. Kohl's underwent significant interior renovations in 2009, ensuring a modern and appealing retail space. The property benefits from its location in a dominant retail corridor in Citrus Heights, a densely populated area with high average household incomes exceeding $100,000 within a 3-5 mile radius. The asking price is $10,047,843, translating to a price per square foot of $138.29. This is a rare opportunity to acquire a high-performing, established retail asset with significant upside potential. The property enjoys 100% occupancy.