6135 San Juan AveCitrus Heights, CA 95610

Property Details for 6135 San Juan Ave

Year built

1975

Construction

TILT-UP CONCRETE

Lot size

5.78 AC

Property size (Sq ft)

67,200 SF

Zone code

SC

Property type

Retail properties

Property subtype

Other retail properties

APN

243-0380-007-0000

APU

24303800070000

Description

This exceptional investment opportunity presents a fee-simple interest in a 72,660 square-foot Kohl's storefront located at 6135 San Juan Ave, Citrus Heights, CA 95610. The property sits on a 5.55-acre lot and boasts a strong 7.00% cap rate, generating a substantial NOI of $703,349. The current lease, a net lease with limited landlord responsibilities, offers a passive investment approach, with a remaining term of 5.2 years. The lease commenced February 1, 2010, and expires January 31, 2030, with two 5-year and one 4-year lease options, each including a 10% rent bump. Kohl's underwent significant interior renovations in 2009, ensuring a modern and appealing retail space. The property benefits from its location in a dominant retail corridor in Citrus Heights, a densely populated area with high average household incomes exceeding $100,000 within a 3-5 mile radius. The asking price is $10,047,843, translating to a price per square foot of $138.29. This is a rare opportunity to acquire a high-performing, established retail asset with significant upside potential. The property enjoys 100% occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $13,079,487

  6.5%

  $12,073,372

  7%

  $11,210,989

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,178,936

  Geo Method

  $24,178,936

• Alternative Use

  Use

  Valuation

  Residential

  $10,184,341

  Hospitality

  $9,328,802

  Educational

  $7,761,454

  Medical

  $8,028,382

  Retail

  $12,073,372

Location Insight

City

Citrus Heights

County

Sacramento

State

California

Latitude

38.6764

Longitude

-121.294

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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