4010 Manzanita Ave - Drug Store FOR SALE


Carmichael, CA 95608- Outer Carmichael/Citrus Heights
$2,200,000 USD
650-370-2606
4010 Manzanita Ave, Carmichael, CA for Sale
$2,200,000 USD
Drug Store - FOR SALE
1/12
null | Request Cap Rate

4010 Manzanita Ave
Carmichael, CA 95608
Outer Carmichael/Citrus Heights


OVERVIEW

Catalyst Commercial Partners is pleased to present the exclusive opportunity to acquire 4010 Manzanita Ave, a freestanding 16,888 SF former Rite Aid situated on 2.568 acres within Carmichael Place — a Safeway-anchored neighborhood shopping center at the signalized intersection of Manzanita Ave and Fair Oaks Blvd in Carmichael, California. Offered at $2,200,000 ($130/SF), this vacant retail box presents an exceptional value-add repositioning opportunity in one of Sacramento County's most established suburban retail corridors, benefiting from ±63,300 combined vehicles per day across two signalized intersections, an existing pharmacy drive-through window, 427 shared parking spaces, and a national credit grocery anchor operating immediately adjacent. The property is zoned GC (General Commercial) under Sacramento County and is subject to CC&Rs with Safeway governing allowable uses. With a dense consumer base of approximately 78,000 Carmichael residents, a median household income of $86,563, and strong demand from medical, urgent care, discount retail, and specialty grocery operators actively seeking this building format, 4010 Manzanita Ave represents a rare chance to acquire a well-located, freestanding retail asset at a compelling basis well below replacement cost.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

2.57 AC

LAND SF

112,106 SF

ZONING

SC

APN/PARCEL ID

245-0180-049,245-0180-050

ASK ABOUT THIS PROPERTY

Rachna GandhiCatalyst Commercial PartnersMore Info
650-370-2606

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Rachna GandhiCatalyst Commercial PartnersMore Info
650-370-2606

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