For Sale
$2,154,000

6717 Auburn BlvdCitrus Heights, CA 95621

High-ROI NNN Lease, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple, 1,782 square foot auto shop and gas station located at 6717 Auburn Blvd, Citrus Heights, CA 95621. The property boasts a 100% occupancy rate with a corporate-guaranteed NNN lease to a national quick lube chain, offering significant long-term stability. The lease features a remaining term of 10 years with built-in rent bumps of 10% every five years, providing a hedge against inflation. The property, built in 1982 and extensively renovated in 2024 (approximately $250,000 in tenant improvements), benefits from a strong location near a high-traffic 7-Eleven, within a 3-mile radius of approximately 167,000 people, and just 11 miles from Downtown Sacramento. The asking price is $2,154,000, representing a 6.50% cap rate and a net operating income (NOI) of $140,000. The lease structure includes four, 5-year options, further enhancing the long-term value. This single-unit property offers a recession-resistant investment in a consistently performing sector of the retail market. The property's recent upgrades include roof and façade improvements. This is a rare opportunity to acquire a well-positioned, high-performing asset with significant upside potential.

Highlights

  • Established automotive use since 1984.
  • $250,000 in recent tenant improvements.
  • Net lease with limited landlord responsibilities; recent roof and façade upgrades.
  • Corporate tenant: Oil Changes, a national quick lube chain with 180+ locations.
  • Rent escalations: 10% increases every 5 years.
  • Strong demographics: 167,000 population within a 3-mile radius.

Property Details for 6717 Auburn Blvd

Property type
Retail properties, Gas stations
Square Feet
1,782 SF
Year Built/Renovated
1982/2024
Stories
1
Units
1

Location Insight

City
Citrus Heights
County
Sacramento
State
California
Latitude
38.6879342
Longitude
-121.3079702
6717 Auburn Blvd, Citrus Heights, California

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6717 Auburn Blvd
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