For Sale
$800,000

3355 Arden WaySacramento, CA 95825

7,410 SF, 5 Tenants, 7.81% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional leasehold investment opportunity presents a fully occupied, 7,410-square-foot multi-tenant retail center in Sacramento, CA. Boasting a 7.81% capitalization rate and situated on a 0.45-acre lot at 3355 Arden Wy, 95825, this property enjoys high visibility with 26,453 vehicles passing daily. The center is comprised of five tenants on NNN leases, including a major tenant, Warehouse Paint, occupying 4,235 square feet since 1985. Other tenants include The Dugout Deli (1,150 sq ft), Paradise Massage (825 sq ft), Nada’s Tailoring (650 sq ft), and Artsitas (550 sq ft), each with varying lease terms. The property features 23 parking spaces and is zoned LC. Built in 1970, the building is part of a leasehold interest; the land is leased at $3,270 per month through February 28, 2028, with three additional ten-year options and a Fair Market Value adjustment clause. Conveniently located approximately 4 miles northeast of downtown Sacramento, near Interstate 80 and Highway 50, this property benefits from a strong population base exceeding 142,000 within a three-mile radius and over 349,000 within five miles, including proximity to Arden Fair Mall. This stabilized investment offers a compelling combination of strong tenancy, high traffic counts, and a superior cap rate. The asking price is $800,000, with a net operating income (NOI) of $62,519. Rent bumps are included in the lease agreements.

Highlights

  • $800,000 asking price for a stabilized retail shopping center and storefront.
  • 7,410 square feet, 100% occupied by five tenants on NNN leases.
  • 7.81% cap rate with a $62,519 NOI.
  • High-traffic location on Arden Way (26,453 VPD).
  • Leasehold ownership with a ground lease expiring in February 2028, with three 10-year renewal options.

Property Details for 3355 Arden Way

Property type
Lifestyle centers, Power centers
Square Feet
7,410 SF
Year Built
1970
Buildings
1
Lot Size (sq. ft)
19,602 SF

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.5960749
Longitude
-121.385233
3355 Arden Way, Sacramento, California

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3355 Arden Way
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