916-462-6215
Greenback-Greenfaire
Citrus Heights, CA
Outer Carmichael/Citrus Heights
HIGHLIGHTS
- Starbucks anchored – In occupancy since 2012
- High traffic / hard corner location – ±57,000 ADT at Greenback Lane & Fair Oaks Boulevard intersection
- Regional draw – One of the primary retail nodes in the Sacramento MSA with more than 3,000,000 square feet of existing retail within 1-mile radius
- Retail synergy in trade area – Adjacent centers include the Marketplace at Birdcage, Sunrise Mall, and Citrus Town Center
- Historical occupancy – Twelve tenants, accounting for 67% of the total rent, have occupied the Property for 10+ years
- Parcelized exit strategy – Eight separate parcels provide investors with future exit flexibility
OVERVIEW
Greenback Square and Greenfaire Village are two adjacent retail centers in Citrus Heights (Sacramento), California. The centers are positioned at a strong Main & Main intersection (Greenback Lane & Fair Oaks Boulevard) and just one block away from one of the premier retail intersections in the greater Sacramento MSA (Greenback Lane & Sunrise Boulevard). The assets include a desirable mix of daily needs and services, providing cross-shopping opportunities for tenants and insulation against e-commerce for an investor. Household incomes are approximately $107,000 within a five-mile radius.
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916-462-6215
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916-462-6215
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