4949-4955 Marconi Ave - Retail FOR SALE


Carmichael, CA 95608
$2,000,000 USD
916-724-1326
4949-4955 Marconi Ave, Carmichael, CA for Sale
$2,000,000 USD
Retail - FOR SALE
1/9
null | 6.36% Cap Rate

4949-4955 Marconi Ave
Carmichael, CA 95608


HIGHLIGHTS

  • Value-Add Opportunity: Upside potential through lease-up of vacancy, conversion of month-to-month tenants, and mark-to-market rent increase
  • Below-Market Rents: Opportunity to increase revenue by adjusting in-place rents to market levels.
  • Expense Reimbursement Upside: Ability to improve net operating income by implementing full CAM recoveries per lease terms.
  • Strong Occupancy History: Stabilized asset with 87.36% current occupancy and a proven track record of tenant retention.
  • Strategic Location: Prime signalized corner location with high visibility and traffic counts exceeding 33,500 VPD.
  • Diversified Tenant Base: Eleven service-oriented tenants providing necessity-based retail and steady foot traffic.

OVERVIEW

The Marconi & Walnut Shopping Center is an approximately 92,680-square-foot, multi-tenant neighborhood retail center located in Carmichael, California. The offering consists of two multitenant retail strip buildings totaling 17,880 square feet within the greater shopping center. The property is strategically positioned on the signalized hard corner of Marconi Avenue and Walnut Avenue, benefiting from combined traffic counts exceeding 33,500 vehicles per day. The center is currently 87.36% occupied by ten diversified, service-oriented tenants with established brick-and-mortar operations. The tenant mix is predominantly structured under triple-net (NNN) leases, providing expense recovery benefits to ownership, with the exception of two tenants—Brittany Hair and Nails and Sharing & Caring Fellowship—which operate under gross leases. The rent roll includes four month-to-month tenants and two vacant suites, offering near-term leasing and repositioning opportunities. Additionally, several tenants are paying below-market rental rates, and current ownership is not recovering 100% of common area maintenance (CAM) expenses as outlined in the lease agreements, presenting a clear path to increasing net operating income. Constructed in 1984 and situated on approximately 8.66 acres, the shopping center has demonstrated historically strong and stable occupancy. The property benefits from co-tenancy with several national and regional retailers within the center (not included in the offering), including Grocery Outlet, Dollar Tree, CVS Pharmacy, and a Chevron service station. The asset is further supported by a dense and established residential trade area comprised of both single-family homes and multifamily communities. This offering represents a compelling value-add investment opportunity, priced at approximately $111.86 per square foot.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$111 USD /SF

CAP RATE

6.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

SC

APN/PARCEL ID

271-0142-033

ASK ABOUT THIS PROPERTY

Edward NelsonMarcus & Millichap Real Estate Investment ServicesMore Info
916-724-1326

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Edward NelsonMarcus & Millichap Real Estate Investment ServicesMore Info
916-724-1326

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