$3,700,000 USD
916-784-2700
752 Ikea Ct
West Sacramento, CA 95605
Riverpoint
HIGHLIGHTS
- Corporate guaranteed 20 year ground lease with 10% scheduled rental increases every 5 years.
- Absolute net lease means zero financial responsibility for landlord.
- Located in Riverpoint Marketplace, a 1.1 million square foot superregional power center anchored by a Walmart Supercenter, Home Depot, IKEA, and Ross.
- Parcel totals 2.18 acres (94,961 SF), nearly twice the avg size of a Quick Quack parcel. At the purchase price, this equates to $38.96/SF on the land.
- The Property is highway visible from Interstate 80 and sees over 115,400 vehicles per day at Reed Avenue.
- West Sacramento has a retail vacancy rate of 2.6%, which ranks as second lowest in the Sacramento Region.
OVERVIEW
As the exclusive agent, Gallelli Real Estate presents the leased fee interest of a brand new Quick Quack Car Wash absolute net ground lease located at 752 Ikea Court, West Sacramento, CA 95605 (The Property). The Property sits just off Interstate 80, within the Riverpoint Marketplace, a super-regional power center anchored by a Walmart Supercenter, Home Depot, and IKEA.
FOR SALE DETAILS
PRICE
$3,700,000 USD
PRICE/SF
$1,028 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Quick Quack Car Wash
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.18 AC
LAND SF
94,961 SF
ZONING
C3
APN/PARCEL ID
014-793-042-000
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916-784-2700
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916-784-2700
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