9509 Folsom Boulevard presents a compelling Absolute NNN sale-leaseback opportunity consisting of a 19-room motel plus office on a ±2.00-acre lot in Sacramento's established Highway 50 Corridor. Offered at $3,000,000, the property represents an attractive 6.06% cap rate.
The property is leased to Casa Fenix, a nonprofit supportive-housing operator, under a five-year initial NNN lease with three additional five-year options, providing the potential for up to 20 years of tenancy. Lease commencement terms negotiable. Casa Fenix is currently completing its operating license, with government-backed funding supporting the underlying program.
The property has additional value-add potential through both the existing building configuration and the substantial rear portion of the site. One existing unit was previously combined, creating the potential to reconfigure the property to achieve 20 rooms while retaining the existing office. In addition, the large rear grass area provides potential for future room expansion, subject to zoning, permitting, and other applicable approvals.
Strategically located along Folsom Boulevard with convenient access to US-50, the SacRT Gold Line, Rancho Cordova, Sacramento State, the Sacramento VA Medical Center, and Downtown Sacramento, the property benefits from its position within the greater Sacramento metropolitan area.
9509 Folsom Boulevard offers investors a combination of stable NNN income, a nonprofit supportive-housing tenancy, government-backed program funding, a low basis per room, and meaningful expansion potential on a ±2.00-acre site.
Please contact Marlon Barrios at (650) 389-3482 or marlon.vasquez@corcoranicon.com for the offering memorandum.