7933 Watt AveAntelope, CA 95843

Property Details for 7933 Watt Ave

Year built

2003

Construction

WOOD

Lot size

0.99 AC

Property size (Sq ft)

7,009 SF

Zone code

SC

Property type

Retail space

APN

203-2070-001-0000

APU

20320700010000

Description

This exceptional investment opportunity presents a 7,009 square foot, single-tenant retail building located at 7933 Watt Avenue in Antelope, California. The property boasts 265 feet of frontage along Elverta Road, providing excellent visibility and accessibility. Constructed in 2003, this freestanding building is currently leased to O'Reilly Auto Parts, a nationally recognized and creditworthy tenant. The property sits within a Walmart Supercenter-anchored shopping center, ensuring high traffic and convenient customer access. Ample parking is readily available for patrons. The current lease agreement, which commenced in 2002, extends through 2028, with built-in renewal options. This NNN (Net, Net, Net) lease structure minimizes landlord responsibilities and provides predictable, passive income. The lease includes rental increases every five years, offering a hedge against inflation and ensuring consistent growth in cash flow for the property owner. The 0.99-acre lot provides ample space and potential for future development. This is a rare chance to acquire a stable, income-producing asset with a long-term, reputable tenant in a prime retail location. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $1,856,870

  6.5%

  $1,714,034

  7%

  $1,591,603

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,521,878

  Geo Method

  $2,521,878

• Alternative Use

  Use

  Valuation

  Residential

  $1,445,852

  Hospitality

  $1,324,392

  Educational

  $1,101,879

  Medical

  $1,139,774

  Retail

  $1,714,034

Location Insight

City

Antelope

County

Sacramento

State

California

Latitude

38.7139

Longitude

-121.395

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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