850 Gray Ave - Department Store FOR SALE


Yuba City, CA 95991
$13,500,000 USD
916-573-3300
850 Gray Ave, Yuba City, CA for Sale
$13,500,000 USD
Department Store - FOR SALE
1/20
null | Request Cap Rate

850 Gray Ave
Yuba City, CA 95991


HIGHLIGHTS

  • Potential 13.4 acre retail site situated close to Highway 99 with visible signage
  • Near existing retail site along Gray Avenue featuring over 3.8 M visits per year
  • Over 37,000 vehicles per day on Highway 99 and over 13,100 on Gray Avenue
  • Likely potential for 2 or 3 retail pad sites fronting Gray Ave
  • Priced at approximately $110/SF for building and $23/SF for the land
  • Modest in-place cash flow from some existing tenants

OVERVIEW

As exclusive advisor to the County of Sutter (“the County”), Turton Commercial Real Estate is pleased to share for sale 850 Gray Avenue (the “Property”), possibly the best undeveloped retail site in Sutter or Yuba Counties. This premier retail site is 13.4 acres located within a quarter mile of both Highway 99 and Highway 20 in the heart of Yuba City. The 122,078 square foot (“SF”) building built in 1975 consists of two sections: One 34,866 SF portion consisting of 5 retail spaces and one single space of approximately 90,000 SF formerly occupied by K-Mart. The 13.4 acre site is actually an assemblage of three separate parcels of which the easternmost parcel includes 456 SF of Gray Avenue frontage affording the likely possibility of two or three separate pad sites for quick service restaurants (“QSR”s). The Property enjoys an outstanding retail location with marquee signage easily visible from Highway 99 and its healthy vehicle counts of 37,080 per day. The site is also located within a quarter-mile of the Sutter Avenue/Hwy 99 off and on-ramp. The property also enjoys generous Gray Avenue frontage with traffic accounts in excess of 13,100 vehicles per day. Just a few hundred yards north of the Property Yuba Sutter Marketplace with retailers such as Burlington, Ross, JC Penney and Verizon boasting 3,600,000 visits per year. These visits do not even include other national retailers immediately surrounding the site like Target, Panera, Bank of America and Chipotle. In addition, the Property has several modest size leases providing approximately $20,000 in monthly income plus pro-rata NNN reimbursements while the buyer completes the planning process. The Property represents a true “value-add” retail development opportunity and is being offered at the price of $13,500,000 representing $110.59 per SF for the building or approximately $23.13 per SF for the land.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$111 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Fast Food, Storefront Retail/Residential, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13.4 AC

LAND SF

583,704 SF

ZONING

C-3

APN/PARCEL ID

52-014-002,52-020-021

ASK ABOUT THIS PROPERTY

Ken TurtonTurton Commercial Real EstateMore Info
916-573-3300

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Ken TurtonTurton Commercial Real EstateMore Info
916-573-3300

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