7933 Watt Ave, Antelope, CA 95843-2000
- Retail space
- 7,009 SF
- 0.99 lot acres
Current Use by Public Records
- Retail space
Property Details for 7933 Watt Ave
- Year built
- 2003
- Construction
- WOOD
- Lot size
- 0.99 lot acres
- Zone code
- SC
- Property type
- Retail space
- APN
- 203-2070-001-0000
- APU
- 20320700010000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 16, 1994 | — | Pick Trust | Pick,david & Bea | Quit Claim Deed · related | — |
Description
This exceptional investment opportunity presents a 7,009 square foot, single-tenant retail building located at 7933 Watt Avenue in Antelope, California. The property boasts 265 feet of frontage along Elverta Road, providing excellent visibility and accessibility. Constructed in 2003, this freestanding building is currently leased to O'Reilly Auto Parts, a nationally recognized and creditworthy tenant. The property sits within a Walmart Supercenter-anchored shopping center, ensuring high traffic and convenient customer access. Ample parking is readily available for patrons. The current lease agreement, which commenced in 2002, extends through 2028, with built-in renewal options. This NNN (Net, Net, Net) lease structure minimizes landlord responsibilities and provides predictable, passive income. The lease includes rental increases every five years, offering a hedge against inflation and ensuring consistent growth in cash flow for the property owner. The 0.99-acre lot provides ample space and potential for future development. This is a rare chance to acquire a stable, income-producing asset with a long-term, reputable tenant in a prime retail location. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $752,000
Market price range: $283k - $892k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,325,000 Current use
- AUTO REPAIR, GARAGE
- $1,795,000 Change: +35% Conversion: Difficult
- MEDICAL BUILDING
- $1,785,000 Change: +35% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,655,000 Change: +25% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $1,535,000 Change: +16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Antelope
- County
- Sacramento
- State
- California
- Longitude
- -121.395
- Latitude
- 38.7139
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
