6199 Sunrise Mall Rd - Bank FOR SALE


Citrus Heights, CA 95610- Outer Carmichael/Citrus Heights
$10,300,000 USD
619-920-1099
6199 Sunrise Mall Rd, Citrus Heights, CA for Sale
$10,300,000 USD
Bank - FOR SALE
1/33
null | 5.66% Cap Rate

6199 Sunrise Mall Rd
Citrus Heights, CA 95610
Outer Carmichael/Citrus Heights


HIGHLIGHTS

  • S&P A-Rated U.S. Bancorp Lease (NYSE: USB) – Corporate Backed Credit Tenant
  • Absolute NNN Cash Flow – 4% annual rent increases with zero landlord responsibilities; inflation-protected growth
  • High-Performing Location – $264M+ in total deposits; ranked in the 93rd percentile nationwide (Placer.ai)
  • Sunrise Tomorrow Redevelopment – Entitlements approved for a 100-acre mixed-use project
  • Long-Term Income – ±9.6 years remaining with (4) five-year extension options
  • Strong Rent Growth – Increases from $560K (2025) to $829K (2035)

OVERVIEW

Marcus & Millichap has been selected to exclusively market for sale the fee simple interest in an 8,000SqFt Single Tenant Drive Thru building leased to U.S. Bank, located at the signalized intersection of Sunrise Boulevard at Greenback Lane, Citrus Heights, California. The Property is subject to a long-term Lease originating in 1971 and recently extended an additional Ten (10) year firm term reflecting the Tenant’s continued long-term commitment to the location. The Lease extends through December 31, 2035, with Four (4) five-year options. The Lease provides contractual annual rent increases equal to the greater of CPI or 4%, providing a built-in hedge against inflation and supporting long-term income growth. Rental income increases from $582,947 in 2026 to $829,715 in 2035. The Lease is an absolute triple-net structure with zero landlord responsibilities and is backed by a corporate guarantee from U.S. Bancorp (Operating as U.S. Bank). The location demonstrates strong bank operating performance, ranking in the top 93rd percentile nationwide by Placer.ai, with over $264 million in total deposits, supporting long-term tenant viability and reinforcing the location’s importance within the tenant’s branch network. The Property is part of a Reciprocal Easement Agreement to the Sunrise Tomorrow Specific Plan, a long-term mixed-use redevelopment initiative encompassing the Sunrise Mall trade area. The plan envisions a transformational redevelopment featuring housing, hospitality, retail, entertainment, office, and community-oriented uses designed to revitalize the corridor into a regional destination. As part of the redevelopment initiative, the City of Citrus Heights recently announced plans for the proposed Sunrise Sports Center, a 160,000SqFt regional sports and entertainment complex envisioned as a catalyst project for the broader Sunrise redevelopment area. Current plans include a 4,000-seat arena, NHL-sized ice sheets, indoor and outdoor sports facilities, restaurants, and entertainment-oriented uses expected to drive additional consumer traffic and long-term investment throughout the immediate area.

FOR SALE DETAILS

PRICE

$10,300,000 USD

PRICE/SF

$1,288 USD /SF

CAP RATE

5.66%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

SC, Citrus Heights

APN/PARCEL ID

243-0192-016

ASK ABOUT THIS PROPERTY

Reed HamiltonMarcus & MillichapMore Info
619-920-1099

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Reed HamiltonMarcus & MillichapMore Info
619-920-1099

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