400 Harris Ave - Freestanding FOR SALE


Sacramento, CA 95838- Oak Knoll
$2,850,000 USD
949-332-2503
400 Harris Ave, Sacramento, CA for Sale
$2,850,000 USD
Freestanding - FOR SALE
1/8
null | 6.29% Cap Rate

400 Harris Ave
Sacramento, CA 95838
Oak Knoll


HIGHLIGHTS

  • Located in a highly engaged neighborhood
  • Surrounded by a dense residential area, making this location the preferred discount store for local shoppers
  • Strategically positioned along a major thoroughfare, ensuring consistent foot and vehicle traffic throughout the day

OVERVIEW

PROPERTY NAME Dollar General PROPERTY ADDRESS 400 Harris Ave, Sacramento, CA PRICE $2,986,934 CAP RATE 6.00% INITIAL NOI/RENT $179,216 APPROX. BUILDING SIZE 9,100SF APPROX. LOT SIZE 1.56 AC YEAR BUILT/RENOVATED 2013 LEASE SUMMARY TENANT Dollar General GUARANTOR Corporate Guarantee LEASE TYPE Absolute Triple Net (NNN) LEASE COMMENCEMENT Sep 2013 LEASE EXPIRATION Aug 2028 ORIGINAL TERM 15 Years OPTION TERM Three 5-Year Options INCREASES 10% Every 5 Years In Option Period LANDLORD RESPONSIBILITIES None TENANT RESPONSIBILITIES Base Rent, Property Taxes, Insurance, Maintenance

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$313 USD /SF

CAP RATE

6.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,823 SF

ZONING

M-1-LI

APN/PARCEL ID

250-0061-024

ASK ABOUT THIS PROPERTY

Shawn BehrouzValue Net Lease PartnersMore Info
949-332-2503

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Shawn BehrouzValue Net Lease PartnersMore Info
949-332-2503

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