SDS Automotive for Sale
3261 Northgate Boulevard, Sacramento, CA 95833
Closing Notes
- Local Buyer
- First Time Commercial Buyer
- Multiple Offers Generated
Property Description
Price: $2,325,000
Land Area: ±0.50 Acres (±21,862 SF)
Cap Rate: 6.50%
Gross Leasable Area: ±9,372 SF
Year Built: 1989
Investment Highlights
Brand New 20-Year Absolute NNN Lease
Rare Annual CPI Increases with No Cap and a Minimum of 3% Throughout the Initial Term and Options Provide for an Excellent Hedge Against Inflation
Tenant has been Operating this Location for Over 20 Years
Prime Retail Location
- The Subject Property is Located On Northgate Blvd (Traffic Counts Exceed 26,000 Cars Per Day)
- Across from Smart & Final Anchored Shopping Center
- Centrally Located Near Major Retailers such as Foods Co, O’Reilly Auto Parts, Shell, ARCO, Dollar Tree, Quick Quack Car Wash, DD’s Discounts, Subway, Pep Boys, KFC, McDonald’s, and Many More
Proven SDS Automotive Location
- Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
- Tenant has Just Signed New Lease Expanding into Remainder of the Building Showing a Great Commitment to their Success
- Personal Guarantee from Tenant
Pride of Property Ownership in Sacramento, CA
- Large Customer Base – Dense, Infill Location with Over 331,000 Residents Within 5 Miles
- Affluent Area with the Average Household Income Exceeding $88,000 Within 5 Miles
- Sacramento has Experienced a 21% Population Growth Since 2010
- Sacramento is the Third Fastest Growing Metropolitan Area in California, with a Projected Growth of 55.4% over the Next 30 years
Broker of Record: Adam Christofferson, Lic. CA 00530854
Contact Information
Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
[email protected]
License: CA 01958307
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643