4845 Watt Ave - Storefront Retail/Office FOR SALE


North Highlands, CA 95660
$1,200,000 USD
916-705-8132
4845 Watt Ave, North Highlands, CA for Sale
$1,200,000 USD
Storefront Retail/Office - FOR SALE
1/11
null | 6.8% Cap Rate

4845 Watt Ave
North Highlands, CA 95660


HIGHLIGHTS

  • Prime location on a signalized corner lot off Watt Avenue with high traffic exposure.
  • Established tenants are Subway, Curry Express, and Medcare Pharmacy.
  • There is strong footfall with high visibility, ensuring steady customer flow.
  • The site offers excellent connectivity being less than two miles from Interstate 80.
  • The city's major employment hub is nearby being adjacent to McClellan Park with 35,000+ employees.
  • This is a dense residential area surrounded by populous neighborhoods providing a built-in customer base.

OVERVIEW

This prime retail investment opportunity is at 4845 Watt Avenue, North Highlands, CA. The property boasts a well-maintained 4,384-square-foot retail building on a spacious 29,620-square-foot parcel. Featuring established tenants such as Subway, SS Currey Express, and Medcare Pharmacy, this property guarantees steady footfall and consistent rental income. The property offers unparalleled access and exposure, positioned on a signalized corner lot with optimal visibility and over 41,000 average daily traffic (ADT) off Watt Avenue. Its proximity to Interstate 80, just under two miles away, enhances connectivity, making it an ideal location for businesses. The surrounding densely populated neighborhoods and adjacency to McClellan Park, a major employment hub, provide a built-in customer base and potential for continued growth. Investment details: Cap Rate: 6.80%, Proforma Cap Rate: 8.10%.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$270 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

SPA

APN/PARCEL ID

240-0550-066

ASK ABOUT THIS PROPERTY

Chase BurkeROME Real Estate GroupMore Info
916-705-8132

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Chase BurkeROME Real Estate GroupMore Info
916-705-8132

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