145 Ferrari Ranch RdLincoln, CA 95648

Property Details for 145 Ferrari Ranch Rd

Year built

2023

Construction

WOOD

Lot size

1.00 AC

Property size (Sq ft)

3,635 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

021-344-004-000

APU

21344004000

Description

This exceptional investment opportunity presents a brand-new, single-tenant, free-standing Aspen Dental building situated within the thriving Lincoln Crossing Marketplace in Lincoln, California. The property boasts a 3,635 square foot building constructed in 2023 on a one-acre lot, currently operating under a net lease with a remaining term of 9.1 years, expiring December 31, 2033. The lease includes rent bumps, providing for a 10% increase every five years. The property enjoys a highly visible location adjacent to In-N-Out Burger at the primary ingress to the power center, which is anchored by major retailers such as Target, Home Depot, TJ Maxx, Ulta, and Sprouts. The tenant, Aspen Dental, invested over $750,000 in tenant improvements, demonstrating a strong commitment to the location. The property's strong financial performance is reflected in its 4.75% cap rate and a Net Operating Income (NOI) of $175,000, with an asking price of $3,685,000 ($1,013.76 per square foot). Lincoln, CA is a rapidly growing, affluent master-planned community within Placer County, part of the Sacramento MSA, with an average household income exceeding $124,000 within a five-mile radius. The property is zoned C and features a single story building. This is a rare opportunity to acquire a high-quality, net-leased asset in a prime location with significant upside potential. The property's build-to-suit nature also includes transferable warranties. The lease structure is a 3x5-year option. The APN is 021 344 004 00 0.

• CAP approach

  CAP return

  Valuation

  6%

  $481,292

  6.5%

  $444,269

  7%

  $412,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $519,005

  Geo Method

  $519,005

• Alternative Use

  Use

  Valuation

  Residential

  $550,894

  Hospitality

  $504,616

  Educational

  $419,835

  Medical

  $434,273

  Retail

  $653,076

Location Insight

City

Lincoln

County

Placer

State

California

Latitude

38.8719

Longitude

-121.305

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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