3311 Power Inn RdSacramento, CA 95826

  • Retail properties
  • 8,951 SF
For Sale
$2,850,000 View listing

Property Details for 3311 Power Inn Rd

Year built
2002
Construction
WOOD
Lot size
0.93 AC
Property size (Sq ft)
8,951 SF
Zone code
C-2-SWR-PU
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
079-0430-001-0000
APU
7904300010000

Description

This exceptional Sacramento retail investment opportunity presents a 7,574 square foot, 100% occupied, multi-tenant property at 3311 Power Inn Rd, Sacramento, CA 95826. The property, built in 2002, features three established tenants: Kikis Chicken, Flying Wok, and Agave Mex, offering diverse dining options. The Net Lease (NNN) investment boasts a strong pro-forma cap rate of 5.95% and a pro-forma NOI of $169,780, supported by recently extended 5-year and 10-year leases with 3% annual rent bumps. Situated on a 0.88-acre lot with ample parking (36 spaces per 1,000 sq ft), the Class B property benefits from a high-traffic location near major freeways, experiencing over 50,000 vehicles per day. The central Sacramento location is further enhanced by proximity to public transportation and the Granite Regional Office Park, drawing from a robust commercial submarket and a large daytime population (over 579,000 within a 5-mile radius). The property is zoned C-2 and includes one single-story building. The asking price is $2,850,000 ($376.29/sq ft). This low-management, multi-tenant property offers a stable income stream and significant long-term investment potential, further enhanced by its location near California State University Sacramento and the high-traffic corridor of Power Inn Road, a major employment hub for manufacturing and construction. The property's proximity to a large city park also contributes to weekend traffic. The APN is 079-0430-001.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,067,612
    6.5%
    $1,908,565
    7%
    $1,772,239
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,220,620
    Geo Method
    $3,220,620
  • Alternative Use

    Use
    Valuation
    Residential
    $1,609,946
    Hospitality
    $1,474,702
    Educational
    $1,226,935
    Medical
    $1,269,131
    Retail
    $1,908,565
3311 Power Inn Rd, Sacramento, California

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.5445
Longitude
-121.408
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
2024
$38,070
$669,310
$2,454,139
$3,123,449
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