For Sale
$3,150,000

7933 Watt Ave Antelope, CA 95843

7,009 SF Auto Shop, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a freestanding, single-tenant retail building perfectly situated in Antelope, California. The 7,009-square-foot property, constructed in 2003, boasts 265 feet of frontage on Watt Avenue and is shadow-anchored by a Walmart Superstore, ensuring high visibility and ample customer access. Currently 100% occupied by a nationally recognized O'Reilly Auto Parts, under a triple-net (NNN) lease with a corporate guarantee, this asset offers investors significant stability and predictable cash flow. The lease, in place since 2002, includes built-in rent bumps every five years, extending through 2028 with renewal options. The property sits on a 43,037-square-foot lot, zoned SC, and features one single-story building. With a strong net operating income (NOI) of $131,713 and a 4.20% cap rate, this investment presents a compelling opportunity for long-term growth and return. The property's location within a busy retail center, combined with the strength of the tenant and the lease terms, makes this an attractive addition to any portfolio. The asking price is $3,150,000. The property's parcel number is 203-2070-001-0000.

Highlights

  • Walmart-shadow anchored center.
  • Long-term lease with national credit tenant.
  • Corporate-guaranteed lease.
  • High visibility with 265 feet of frontage.
  • Extensive surface parking.

Property Details for 7933 Watt Ave

Property type
Lifestyle centers, Power centers
Square Feet
7,009 SF
Year Built
2003
Buildings
1
Stories
1

Location Insight

City
Antelope
County
Sacramento
State
California
Latitude
38.7138367
Longitude
-121.3946747

FAQs

What type of property is this?
Lifestyle center - 7,009 SF Auto Shop, Strong NOI
Where is the lifestyle center located?
The property is located at 7933 Watt Ave Antelope, CA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Walmart-shadow anchored center.; Long-term lease with national credit tenant.; Corporate-guaranteed lease.
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.
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7933 Watt Ave
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