1911 Cosumnes River BlvdSacramento, CA 95832

  • Retail properties
  • 6,510 SF
For Sale
$8,237,000 View listing

Property Details for 1911 Cosumnes River Blvd

Year built
2022
Construction
WOOD
Lot size
2.78 AC
Property size (Sq ft)
6,510 SF
Zone code
R-3-PUD C-
Property type
Retail properties
Property subtype
Super regional malls
APN
053-0180-028-0000
APU
5301800280000

Description

Exceptional investment opportunity: a brand-new, 3,000 square foot 7-Eleven and Chevron gas station (10 pumps, 2 EV chargers) on a 1.28-acre lot in Sacramento, CA (95832). This absolute NNN ground lease boasts a 15-year term (commencing January 1, 2023, expiring February 1, 2038), with a remaining term of 13.2 years and a 4.75% cap rate. The property generates a strong NOI of $391,274, with 10% rent bumps every 5 years, providing excellent inflation protection. The tenant, 7-Eleven, Inc., is backed by a corporate guarantee and enjoys an investment-grade credit rating. Situated on Cosumnes River Blvd, this location benefits from high traffic counts (over 11,300 VPD) at a signalized intersection, proximity to Interstate 5 (114,800 VPD), and adjacency to a thriving retail center anchored by Walmart, Starbucks, and other national brands. The property is part of a large, master-planned mixed-use development encompassing 800 acres, including over 5,000 planned housing units and 1.3 million square feet of retail space. The surrounding area boasts affluent demographics, with an average household income exceeding $101,400 and a population of over 98,100 within a 3-mile radius. Lease options include 3 x 5 year and 1 x 4 year extensions. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a rapidly growing market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,609,896
    6.5%
    $1,486,058
    7%
    $1,379,911
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,342,334
    Geo Method
    $2,342,334
  • Alternative Use

    Use
    Valuation
    Residential
    $1,253,546
    Hospitality
    $1,148,241
    Educational
    $955,323
    Medical
    $988,178
    Retail
    $1,486,058
1911 Cosumnes River Blvd, Sacramento, California

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.4668
Longitude
-121.49
CBSA code
40900
CBSA name
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$57,229
$3,098,206
$1,500,000
$4,598,206
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