10050 Bruceville Rd - Supermarket FOR SALE


Elk Grove, CA 95757- Outer Elk Grove
$23,250,000 USD
916-784-2700
10050 Bruceville Rd, Elk Grove, CA for Sale
$23,250,000 USD
Supermarket - FOR SALE
1/4
null | 5.15% Cap Rate

10050 Bruceville Rd
Elk Grove, CA 95757
Outer Elk Grove


OVERVIEW

Gallelli Real Estate is pleased to present the sale of the fee simple interest in Safeway, a single tenant net lease grocer within Laguna Reserve Marketplace (Shop Space NAP). The asset represents the opportunity to acquire one of the nation’s most dominant grocers within a Class A shopping center.  The neighborhood shopping center was built in two phases, the six pad buildings (NAP) totaling 33,308 square feet were constructed in 2005, and the Safeway building totaling 56,988 square feet was constructed in 2024. The combination of location, and demographics offers an investor the ability to acquire a proven investment which is well-positioned to take advantage of Elk Grove’s continuing growth. - One of the Nation’s Most Dominant Grocery Chains - High Demand Grocery Market - Long Term / Stable Tenancy - Generational Location - Continued Residential Growth - Sole Traditional Grocery Store in Immediate Trade Area - Densely Populated Infill Location with Substantial Residential Growth - Future Highway Interchange at Whitelock Parkway & Highway 99 - Longterm Stability

FOR SALE DETAILS

PRICE

$23,250,000 USD

PRICE/SF

$408 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Safeway - 20 Year Single Tenant Net Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.95 AC

LAND SF

520,542 SF

ZONING

GC

APN/PARCEL ID

132-2170-007

ASK ABOUT THIS PROPERTY

Gary GallelliGallelli Real EstateMore Info
916-784-2700

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Gary GallelliGallelli Real EstateMore Info
916-784-2700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.