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%.