$2,350,000
Multi-Tenant Retail Investment: Excellent opportunity to acquire a fully occupied multi-tenant neighborhood retail center located along the established Northgate Boulevard commercial corridor in Sacramento. This approximately 9,800 SF retail property features six tenant spaces with a diverse mix of neighborhood-serving uses, including a church, three salon/service businesses, pizza restaurant, and Mediterranean restaurant. The largest tenant, a church, occupies approximately 5,000 SF, consisting of two combined spaces of approximately 3,000 SF and 2,000 SF. The remaining center consists primarily of approximately 800 SF suites, with the pizza tenant occupying approximately 1,600 SF. The property currently generates approximately $13,946 per month in total rent and additional rent collections. Based on preliminary operating expenses of approximately $3,100 per month, estimated NOI is approximately $130,155 annually, representing an indicated 5.54% cap rate at the $2,350,000 asking price. Buyers should independently verify all income, expenses, leases, and financial information. The center offers excellent visibility, convenient on-site parking, multiple storefronts, and easy access to I-80 and I-5, with convenient connections to Downtown Sacramento, Natomas, and Sacramento International Airport. The surrounding Northgate corridor includes numerous grocery, restaurant, service, and national/regional retail businesses. Offered at $2,350,000, this property presents an opportunity for investors seeking an established Sacramento infill retail asset with existing cash flow and potential future income growth through lease renewals and rental increases.
226118238
MLS
2251 Northgate Boulevard, Sacramento
Listing courtesy of Grand Realty Group.
