916-462-6205
, Auburn, CA for Sale
FOR SALE
1/8
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Rock Creek Plaza
Auburn, CA


HIGHLIGHTS

  • Grocery Anchored Center – Daily needs regional anchor draw led by the regionally iconic BriarPatch Food Co-Op grocery store
  • Co-anchored by Michaels, ULTA, BevMo!, Petco, Old Navy, Rite Aid, Harbor Freight, and a broad mix of high quality F&B tenants.
  • First Tier National and Regional In-Line/Pad Retailers – 82% of income is generated by credit or nationally recognized tenants.
  • Rite Aid Upside – Rite Aid is on an extremely below market ground lease of $1.59 PSF/YR/NNN and has a current term expiration of December 2025.
  • ±5 year WALT, Bolstering the Stability of the Center
  • High Traffic / Hard Corner Location – 63,000 ADT at Grass Valley Highway (Hwy 49) & Bell Road intersection.

OVERVIEW

Palmer Capital, as exclusive advisor, is pleased to present the opportunity to acquire Rock Creek Plaza, a grocery and necessity anchored community center in Auburn (Sacramento MSA), California. The center is strategically positioned at a Main & Main intersection within a dominant regional trade area. The Property is anchored by an iconic BriarPatch Food Co-op grocery store and includes a Rite Aid on an extremely below market ground lease of $1.59 PSF/YR NNN (that represents a significant mark-to-market opportunity), among other best-in-class retail tenants. The asset includes a desirable mix of complimentary and best-in-class retailers, with more than 82% of the income driven by credit or nationally recognized tenants. The Property is located within a highly desirable and affluent trade area, with household incomes exceeding $105,000 in a 5-mile radius.

ASK ABOUT THIS PROPERTY

Mark PalmerPalmer Capital, Inc.More Info
916-462-6205

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Mark PalmerPalmer Capital, Inc.More Info
916-462-6205

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