For Sale
$8,237,000

1911 Cosumnes River BlvdSacramento, CA 95832

High-Yield NNN Ground Lease, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: a brand-new, 3,000 square foot 7-Eleven and Chevron gas station (10 pumps, 2 EV chargers) on a 1.28-acre lot in Sacramento, CA (95832). This absolute NNN ground lease boasts a 15-year term (commencing January 1, 2023, expiring February 1, 2038), with a remaining term of 13.2 years and a 4.75% cap rate. The property generates a strong NOI of $391,274, with 10% rent bumps every 5 years, providing excellent inflation protection. The tenant, 7-Eleven, Inc., is backed by a corporate guarantee and enjoys an investment-grade credit rating. Situated on Cosumnes River Blvd, this location benefits from high traffic counts (over 11,300 VPD) at a signalized intersection, proximity to Interstate 5 (114,800 VPD), and adjacency to a thriving retail center anchored by Walmart, Starbucks, and other national brands. The property is part of a large, master-planned mixed-use development encompassing 800 acres, including over 5,000 planned housing units and 1.3 million square feet of retail space. The surrounding area boasts affluent demographics, with an average household income exceeding $101,400 and a population of over 98,100 within a 3-mile radius. Lease options include 3 x 5 year and 1 x 4 year extensions. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a rapidly growing market.

Highlights

  • 15-year NNN ground lease with minimal landlord responsibilities; 10% rent increases every 5 years; Investment-grade credit tenant (7-Eleven, Inc.) with a stable outlook; Brand-new 3,000 sq ft 7-Eleven/Chevron (10 pumps, 2 EV chargers) on a 1.28-acre lot;
  • High-traffic location (11,300+ VPD) at a signalized intersection near I-5 (114,800 VPD), Walmart, Starbucks, and other national retailers; Affluent demographics ($101,400+ avg. household income, 98,100+ population within 3 miles);
  • Part of an 800-acre mixed-use development with 5,000+ planned housing units and 1.3M sq ft of retail space; Strong NOI of $391,274 and a 4.75% cap rate; Lease includes extension options.

Property Details for 1911 Cosumnes River Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
3,000 SF
Year Built
2023
Lot Size (sq. ft)
55,757 SF

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.4669795
Longitude
-121.4898234
1911 Cosumnes River Blvd, Sacramento, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1911 Cosumnes River Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message