For Sale
$5,375,543

840 El Camino Ave Sacramento, CA 95815

NNN Retail Property, Strong Tenant, High ROI

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a fee-simple, single-tenant, 11,383 square foot retail property located at 840 El Camino Ave, Sacramento, CA 95815. The property, built in 2009 and renovated in 2024, is currently subleased to Dollar Tree, a subsidiary of Dollar General Corporation, under an absolute NNN lease with a remaining term of 9.9 years, expiring October 18, 2034. The property boasts a 7.00% cap rate and a strong NOI of $376,288, with a price per square foot of $472.24. Situated on a one-acre lot zoned C-2, the building benefits from high visibility on El Camino Ave and Del Paso Blvd, experiencing over 30,000 vehicles per day. The location is within a dense retail corridor, near major retailers such as Costco, Nordstrom Rack, Hobby Lobby, Kohl's, and the Arden Fair Mall. The property's ideal demographics include over 157,000 people and 60,000 households within a three-mile radius. This is a rare opportunity to acquire a long-term, low-maintenance, net-leased investment property with a strong tenant and significant upside potential. The property is a depreciable asset with no rent bumps scheduled. This is a truly exceptional investment opportunity in the California state capital.

Highlights

  • Fee-simple ownership of a 11,383 SF retail building in Sacramento, CA.
  • Absolute NNN lease with Dollar Tree (subsidiary of Dollar General), with over 9.9 years remaining.
  • Zero landlord responsibilities; Depreciable asset.
  • High-traffic location on El Camino Ave and Del Paso Blvd (30,000+ VPD), near major retailers including Costco, Nordstrom Rack, Hobby Lobby, and Kohl's.
  • Strong demographics: over 157,000 people within a 3-mile radius.

Property Details for 840 El Camino Ave

Property type
Retail properties, Retail space
Square Feet
11,383 SF
Class
B
Year Built/Renovated
2009/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.6108011
Longitude
-121.4476815

FAQs

What type of property is this?
Retail property - NNN Retail Property, Strong Tenant, High ROI
Where is the retail property located?
The property is located at 840 El Camino Ave Sacramento, CA.
What is the asking price?
The asking price for this property is $5,375,543.
What are key features of this property?
This property features: Fee-simple ownership of a 11,383 SF retail building in Sacramento, CA.; Absolute NNN lease with Dollar Tree (subsidiary of Dollar General), with over 9.9 years remaining.; Zero landlord responsibilities; Depreciable asset.
How can I contact the broker?
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840 El Camino Ave
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