7400 Elk Grove BlvdElk Grove, CA 95758

Property Details for 7400 Elk Grove Blvd

Year built

2018

Construction

TILT-UP CONCRETE

Lot size

17.42 AC

Property size (Sq ft)

152,217 SF

Zone code

SC

Property type

Individual retail properties

APN

132-2120-017-0000

APU

13221200170000

Description

The Ridge, located at 7400 Elk Grove Blvd in Elk Grove, CA 95758, is a premier 382,000 square foot shopping center built in 2019. This multi-tenant retail property boasts a prime location in the Elk Grove submarket of Sacramento County, California. Currently, there is 1,920 square feet of vacant space available, ideal for a variety of retail uses. The center is anchored by major national brands including Costco, Amazon Fresh, Nordstrom Rack, and LA Fitness, ensuring high foot traffic and strong visibility. Additional tenants include Sephora, Olive Garden, Buffalo Wild Wings, Starbucks, Stanton Optical, and Chipotle, creating a diverse and attractive tenant mix. This property presents a unique opportunity for investors seeking a well-established, high-performing retail center in a thriving market. The available space offers 12,000 square feet of potential for expansion or new business ventures. The property's strong tenant roster and strategic location within a densely populated area make it an attractive investment prospect with significant growth potential. This is a rare opportunity to acquire a stake in a successful, established shopping center in a desirable California location.

• CAP approach

  CAP return

  Valuation

  6%

  $37,642,640

  6.5%

  $34,747,052

  7%

  $32,265,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $54,768,528

  Geo Method

  $54,768,528

• Alternative Use

  Use

  Valuation

  Residential

  $29,310,438

  Hospitality

  $26,848,204

  Educational

  $22,337,390

  Medical

  $23,105,608

  Retail

  $34,747,052

Location Insight

City

Elk Grove

County

Sacramento

State

California

Latitude

38.4068

Longitude

-121.414

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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