For Sale
$3,685,000

145 Ferrari Ranch RdLincoln, CA 95648

High-yield retail investment in Lincoln, CA

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, single-tenant, free-standing Aspen Dental building situated within the thriving Lincoln Crossing Marketplace in Lincoln, California. The property boasts a 3,635 square foot building constructed in 2023 on a one-acre lot, currently operating under a net lease with a remaining term of 9.1 years, expiring December 31, 2033. The lease includes rent bumps, providing for a 10% increase every five years. The property enjoys a highly visible location adjacent to In-N-Out Burger at the primary ingress to the power center, which is anchored by major retailers such as Target, Home Depot, TJ Maxx, Ulta, and Sprouts. The tenant, Aspen Dental, invested over $750,000 in tenant improvements, demonstrating a strong commitment to the location. The property's strong financial performance is reflected in its 4.75% cap rate and a Net Operating Income (NOI) of $175,000, with an asking price of $3,685,000 ($1,013.76 per square foot). Lincoln, CA is a rapidly growing, affluent master-planned community within Placer County, part of the Sacramento MSA, with an average household income exceeding $124,000 within a five-mile radius. The property is zoned C and features a single story building. This is a rare opportunity to acquire a high-quality, net-leased asset in a prime location with significant upside potential. The property's build-to-suit nature also includes transferable warranties. The lease structure is a 3x5-year option. The APN is 021 344 004 00 0.

Highlights

  • Exceptional investment opportunity: Aspen Dental NNN lease in Northern California.
  • High-visibility location at a busy Target/Home Depot center, easily accessible from the highway.
  • New 10-year corporate lease with 10% rent increases every 5 years and minimal landlord responsibilities.
  • Strong demographics: affluent trade area with average household income exceeding $124,000 and significant residential growth (19,000+ homes planned/under construction).
  • Brand new (2023) build-to-suit construction with transferable warranties.

Property Details for 145 Ferrari Ranch Rd

Property type
Lifestyle centers, Power centers
Square Feet
3,635 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Lincoln
County
Placer
State
California
Latitude
38.87191
Longitude
-121.304604
145 Ferrari Ranch Rd, Lincoln, California

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145 Ferrari Ranch Rd
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