6717 Auburn BlvdCitrus Heights, CA 95621

Property Details for 6717 Auburn Blvd

Year built

1982

Construction

TILT-UP CONCRETE

Lot size

0.24 AC

Property size (Sq ft)

1,800 SF

Zone code

LC

Property type

Retail properties

Property subtype

Auto shops

APN

211-0123-023-0000

APU

21101230230000

Description

This exceptional investment opportunity presents a fee-simple, 1,782 square foot auto shop and gas station located at 6717 Auburn Blvd, Citrus Heights, CA 95621. The property boasts a 100% occupancy rate with a corporate-guaranteed NNN lease to a national quick lube chain, offering significant long-term stability. The lease features a remaining term of 10 years with built-in rent bumps of 10% every five years, providing a hedge against inflation. The property, built in 1982 and extensively renovated in 2024 (approximately $250,000 in tenant improvements), benefits from a strong location near a high-traffic 7-Eleven, within a 3-mile radius of approximately 167,000 people, and just 11 miles from Downtown Sacramento. The asking price is $2,154,000, representing a 6.50% cap rate and a net operating income (NOI) of $140,000. The lease structure includes four, 5-year options, further enhancing the long-term value. This single-unit property offers a recession-resistant investment in a consistently performing sector of the retail market. The property's recent upgrades include roof and façade improvements. This is a rare opportunity to acquire a well-positioned, high-performing asset with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $350,343

  6.5%

  $323,394

  7%

  $300,294

• Comparable approach

  Method

  Valuation

  Relative Method

  $647,650

  Geo Method

  $647,650

• Alternative Use

  Use

  Valuation

  Residential

  $272,795

  Hospitality

  $249,879

  Educational

  $207,896

  Medical

  $215,046

  Retail

  $323,394

Location Insight

City

Citrus Heights

County

Sacramento

State

California

Latitude

38.6879

Longitude

-121.308

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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