840 El Camino AveSacramento, CA 95815

Property Details for 840 El Camino Ave

Year built

2008

Construction

TILT-UP CONCRETE

Lot size

0.95 AC

Property size (Sq ft)

11,585 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Retail space

APN

275-0054-030-0000

APU

27500540300000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,829,641

  6.5%

  $2,611,976

  7%

  $2,425,407

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,168,348

  Geo Method

  $4,168,348

• Alternative Use

  Use

  Valuation

  Residential

  $2,203,300

  Hospitality

  $2,018,211

  Educational

  $1,679,128

  Medical

  $1,736,876

  Retail

  $2,611,976

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.6107

Longitude

-121.448

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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