6135 San Juan Ave Citrus Heights, CA 95610
- Retail properties
- 67,200 SF
- 5.78 lot acres
Current Use by Public Records
- Kohl's / Department Store
Property Details for 6135 San Juan Ave
- Year built
- 1975
- Construction
- TILT-UP CONCRETE
- Lot size
- 5.78 lot acres
- Property size
- 67,200 SF
- Zone code
- SC
- Property type
- Retail properties
- APN
- 243-0380-007-0000
- APU
- 24303800070000
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $5,011,000
Market price range: $2.16M - $7.84M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $10,635,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Citrus Heights
- County
- Sacramento
- State
- California
- Longitude
- -121.294
- Latitude
- 38.6764
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
