6955 Stockton Blvd Sacramento, CA 95823-2336
- Retail space
- 12,400 SF
- 0.88 lot acres
Current Use by Public Records
- CARPROS TIRES & AUTO CENTER / Tire Shop
- West Coast Tires & Auto Center / Tire Shop / Auto Repair Shop
- Truong Nguyen Family Chiropractic / Chiropractor
- Fly Cuts & Styles / Barber Shop
- CapCity Smokes / Vaporizer Store / Tobacco Shop
Property Details for 6955 Stockton Blvd
- Year built
- 1989
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.88 lot acres
- Property size
- 12,400 SF
- Zone code
- SC
- Property type
- Retail space
- APN
- 043-0220-032-0000
- APU
- 4302200320000
Description
This exceptional 12,359 square foot retail center, situated at 6955 Stockton Blvd in Sacramento, CA 95823, presents a compelling investment opportunity. The property boasts a prime location on a signalized hard corner intersection, ensuring high visibility and accessibility. Currently operating at 100% occupancy with seven tenants, including El Borrego De Oro, a barber shop, and a chiropractic office, under a Master Lease and various NNN leases, the center generates a strong net operating income (NOI) of $202,332, representing a 6.00% cap rate. Built in 1989, this multi-tenant property sits on a 0.88-acre lot and benefits from a high traffic count of 40,000 vehicles per day. The asking price is $3,372,200, translating to $272.85 per square foot. The property is shadowed by a Walmart Supercenter and is adjacent to a large new development currently in the planning stages. Below-market rents offer significant upside potential. Attractive assumable financing is available with a 4.00% interest rate, a 25-year fully amortizing loan, and 8 years remaining until the next rate adjustment. The loan balance is $1.6 million. This investment offers a secure and potentially lucrative return in a thriving Sacramento market with a population density exceeding 186,000 residents within a 3-mile radius. Lease terms vary.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,332,000
Market price range: $481k - $2.20M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,555,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.43
- Latitude
- 38.4985
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA