1912 State Highway 65Wheatland, CA 95692

Property Details for 1912 State Highway 65

Year built

2007

Construction

TILT-UP CONCRETE

Lot size

4.84 AC

Property size (Sq ft)

42,000 SF

Zone code

C-3

Property type

Retail properties

Property subtype

Retail space

APN

015-640-010-000

APU

15640010000

Description

Settler's Village Center in Wheatland, CA, presents a compelling investment opportunity. This prominent 42,000-square-foot retail center, constructed in 2007, enjoys a prime location directly on CA Highway 65, ensuring high visibility and traffic. The property comprises two buildings, 1912 and 1920, both included in the sale. A significant anchor tenant, Dollar General, occupies the 1920 building, providing stable income and attracting further clientele. The 1912 building is currently undergoing lease-up. The center features a diverse range of versatile spaces suitable for various retail businesses. Recent upgrades include a newer roof and HVAC systems, minimizing immediate maintenance needs. The property sits on a 4.84-acre lot, offering ample space and potential for future expansion or development. This well-maintained shopping center offers a strong return on investment potential due to its location, existing tenancy, and recent improvements. The asking price reflects a substantial price improvement, making this an attractive opportunity for discerning investors seeking a stable and growing retail portfolio addition. The property's strategic location and strong anchor tenant make it an ideal investment for long-term growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $11,126,914

  6.5%

  $10,270,997

  7%

  $9,537,355

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,111,835

  Geo Method

  $15,111,835

• Alternative Use

  Use

  Valuation

  Residential

  $8,663,970

  Hospitality

  $7,936,150

  Educational

  $6,602,784

  Medical

  $6,829,864

  Retail

  $10,270,997

Location Insight

City

Wheatland

County

Yuba

State

California

Latitude

39.0145

Longitude

-121.433

CBSA code

49700

CBSA name

YUBA CITY, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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