8511-8591 Elk Grove BlvdElk Grove, CA 95624

Property Details for 8511-8591 Elk Grove Blvd

Year built

1984

Lot size

2.21 AC

Property size (Sq ft)

30,979 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fully leased, 30,979 square foot neighborhood retail center in Elk Grove, CA, a high-growth community with an average household income nearing $142,000. Located at 8511-8591 Elk Grove Blvd, this property boasts a prime location on Elk Grove Boulevard, adjacent to Highway 99, benefiting from high daily traffic counts (109,500 vehicles on Highway 99 and 27,000 on Elk Grove Boulevard). The center comprises three single-story buildings constructed between 1984 and 1988, situated on a 2.21-acre lot with ample parking (439 spaces). Currently operating at 100% occupancy with 17 tenants, including a mix of national and regional brands such as Arby's, Macque's BBQ, and Papa Murphy's Pizza, the property generates a substantial NOI of $891,138, representing a 7.75% cap rate. The asking price is $11,500,000 ($371.22 per square foot). All leases are triple-net (NNN), except for one ATM, and are structured to minimize short-term rollover risk. The property is zoned SC (shopping center) and features a synergistic tenant mix offering food, services, and products. Strong shadow anchors include CVS Pharmacy, KFC, SpeeDee Oil Change, and a Shell station further enhance the center's appeal. This offering includes all inline shops, representing the highest rent-per-square-foot tenants within the larger Elk Grove Village center (totaling 106,698 square feet). The property's common area maintenance (CAM) charges are pro-rata reimbursed by owners of parcels not included in this offering. Management authority is vested in the owner of the included parcel 125-0390-010, as per the CC&Rs. This presents a compelling opportunity for investors seeking a stable, high-performing retail asset in a thriving market. APN: 125-0390-008, -010, -020, -021.

Location Insight

City

Elk Grove

County

Sacramento

State

California

Latitude

38.4096

Longitude

-121.388

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].