160 A StDixon, CA 95620

Property Details for 160 A St

Year built

1905

Property size (Sq ft)

7,139 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional retail investment opportunity presents a 7,139 square foot, single-story, multi-tenant property located at 160 W A St, Dixon, CA 95620, within the Sacramento MSA. Boasting a 6.32% cap rate and a strong NOI of $93,208, this stabilized investment features six tenants, eight units, and twelve parking spaces. Four tenants have occupied the space for over a decade, demonstrating exceptional tenant loyalty. The property benefits from a gross lease structure with built-in annual rent increases ranging from 3% to 5%, providing a natural hedge against inflation. Significant capital improvements, including a new roof, parking lot resurfacing, and two new HVAC units, were completed within the last five years. Built in 1905 and renovated in 2022, this property is situated in a rapidly expanding area, with over 1,400 new homes constructed within a one-mile radius, ensuring continued growth and strong future prospects. The asking price is $1,475,000, translating to an attractive price per square foot of $207. The property is 100% occupied as of September 16, 2024. This is a rare opportunity to acquire a well-maintained, high-performing retail center in a thriving market.

Location Insight

City

Dixon

County

Solano

State

California

Latitude

38.4458

Longitude

-121.823

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