For Sale
$3,061,000

6001 Florin RdSacramento, CA 95823

High-yield, multi-tenant retail center in Sacramento.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 7,799 square foot, single-story, Class B shopping center in Sacramento, California. The property, built in 2008, sits on a 0.6-acre lot and boasts 100% occupancy with two strong national tenants: Mattress Firm and Wayback Burgers. Both tenants operate under long-term NNN leases with a weighted average lease term remaining of approximately 10 years, providing significant lease stability and predictable cash flow. The property generates a substantial Net Operating Income (NOI) of $229,538, resulting in an attractive 7.50% capitalization rate. The asking price is $3,061,000, translating to a price per square foot of $392.49. This strategically located center benefits from a regional draw, situated within a dominant community center alongside major retailers such as Walmart Supercenter, Chuze Fitness, PetSmart, and AutoZone. The property's location in the heart of Sacramento ensures high visibility and consistent customer traffic. The leases include a 10-15% administrative fee recapture provision, further enhancing the investment's return. This stabilized investment offers a compelling opportunity for long-term growth and passive income generation. The property's strong tenant mix, long-term leases, and prime location make it an ideal addition to any diversified real estate portfolio.

Highlights

  • 7,799 SF Class B shopping center in Sacramento, CA, built in 2008, on a 0.6-acre lot.
  • 100% occupancy with Mattress Firm and Wayback Burgers on long-term NNN leases, offering a weighted average lease term remaining of approximately 10 years.
  • Strong NOI of $229,538, resulting in a 7.50% capitalization rate; asking price: $3,061,000 ($392.49/SF).
  • Strategically located in a dominant community center with nearby Walmart, Chuze Fitness, PetSmart, and AutoZone, ensuring high visibility and traffic.
  • Leases include a 10-15% administrative fee recapture provision.

Property Details for 6001 Florin Rd

Property type
Lifestyle centers, Power centers
Square Feet
7,799 SF
Class
B
Year Built
2008
Buildings
1
Stories
1
Lot Size (sq. ft)
26,136 SF

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.4964885
Longitude
-121.4348322
6001 Florin Rd, Sacramento, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6001 Florin Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message