840 El Camino Ave - Freestanding FOR SALE


Sacramento, CA 95815- Old North Sacramento
$5,375,543 USD
818-907-4696
840 El Camino Ave, Sacramento, CA for Sale
$5,375,543 USD
Freestanding - FOR SALE
1/9
null | 7% Cap Rate

840 El Camino Ave
Sacramento, CA 95815
Old North Sacramento


HIGHLIGHTS

  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Commuter Route Frontage | Property Boasts Frontage on El Camino Ave. and Del Paso Blvd which see 30,000+ VPD
  • Strong Corporate Guarantee from a Credit Rated Tenant
  • Long Term Lease | 10+ Years Remaining
  • Fee Simple Ownership (Land and Building) | Depreciable Asset
  • Walgreens is ranked #27 on the Fortune 500 list for total revenue (2024)

OVERVIEW

CBRE is pleased to present an excellent opportunity to acquire a freestanding NNN Walgreens sublet to Dollar Tree in the State Capitol – Sacramento, CA. The property includes a 11,383 SF building on a 1 ACRE street frontage parcel. The property benefits from being situated on the busy commuter roads (El Camino Ave. and Del Paso Blvd.), which see over 30,000 vehicles per day. It is strategically located in a dense retail corridor with many national retailers nearby, including Costco, Nordstrom Rack, Hobby Lobby, Kohl’s and Arden Fair, the two-level regional shopping mall with over 150 tenants. The asset offers ideal retail demographics with over 157,000 people and 60,000 households in a 3-mile radius.

FOR SALE DETAILS

PRICE

$5,375,543 USD

PRICE/SF

$472 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens (Subleased to Dollar Tree)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C-2

APN/PARCEL ID

275-0054-030

ASK ABOUT THIS PROPERTY

818-907-4696

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818-907-4696

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