For Sale
$5,375,543

840 El Camino AveSacramento, CA 95815

High-Yield NNN Pharmacy/Drug Store

Overview

Added:
Jan 24
Days on market:
71
This exceptional investment opportunity presents a fee-simple, 11,383 square foot, single-story retail building currently subleased to Dollar Tree, a highly credit-rated tenant. Located at 840 El Camino Ave, Sacramento, CA 95815, this property boasts a prime location on a major commuter route with over 30,000 vehicles per day. The absolute NNN lease structure offers zero landlord responsibilities, and the property features a 7.00% cap rate with a strong NOI of $376,288. Built in 2009 and renovated in 2024, the property sits on a one-acre lot and benefits from ideal retail demographics, including over 157,000 people within a three-mile radius. The long-term lease (10+ years remaining) provides exceptional stability and security for investors. Nearby national retailers include Popeyes, Carl's Jr., Kohl's, and Hobby Lobby, further enhancing the property's value and location appeal. The asking price is $5,375,543, representing a price per square foot of $472.24. This is a depreciable asset with significant upside potential. The property's strategic location within a dense retail corridor, coupled with the strength of the tenant and the lease terms, makes this an attractive investment opportunity. The property is 100% occupied.

Highlights

  • $5,375,543 asking price for a 11,383 SF retail property.
  • Absolute NNN lease with zero landlord responsibilities.
  • High-traffic location on El Camino Ave. and Del Paso Blvd. with 30,000+ vehicles per day.
  • Dollar Tree (subtenant of Walgreens), a credit-rated tenant, with a long-term lease (10+ years remaining).
  • Fee simple ownership of the land and building, a depreciable asset.
  • 7.00% cap rate and $376,288 NOI.

Property Details for 840 El Camino Ave

Property type
Retail properties, Drug stores
Square Feet
11,383 SF
Year Built/Renovated
2009/2024
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.6108011
Longitude
-121.4476815
840 El Camino Ave, Sacramento, California

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840 El Camino Ave
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