4332 Watt AveNorth Highlands, CA 95660

Property Details for 4332 Watt Ave

Year built

2006

Lot size

0.46 AC

Property size (Sq ft)

4,500 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional retail investment property in North Highlands, CA, presents a compelling opportunity. The 4,500 square foot, fee-simple property boasts a 5.21% cap rate and a strong net operating income (NOI) of $145,964. Located at the signalized intersection of Watt Avenue and with direct access to Interstate 80 (220,500 VPD), this property benefits from high visibility and significant daily traffic. The three tenants, including a Starbucks with a drive-thru, operate under triple-net (NNN) leases, minimizing landlord expenses. Starbucks recently completed over $1.2 million in renovations, demonstrating a long-term commitment. The property sits on a 0.46-acre lot with 38 parking spaces and is strategically positioned near a Walmart Supercenter, other national retailers (including T.J. Maxx, Trader Joe's, and Ross), and major employers like the IRS and DEA, ensuring a robust customer base. The 5-mile trade area boasts a population exceeding 370,000 residents and 118,000 daytime employees, with an average household income of $91,499. Built in 2006, this property is zoned for retail commercial use and offers excellent potential for long-term growth and stable returns. The property's APN is 240-0232-063-0000. Asking price is $2,800,000.

Location Insight

City

North Highlands

County

Sacramento

State

California

Latitude

38.6441

Longitude

-121.383

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