For Sale
$9,073,000

6061 Florin RdSacramento, CA 95823

High-yield, NNN-leased fitness center

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 34,070 square foot, Class B, two-story shopping center in Sacramento, CA, fully occupied by Chuze Fitness under a 15-year NNN lease with two 5-year options. Located at the signalized intersection of Florin Rd and Stockton Blvd, this high-traffic location boasts over 85,500 cars daily. The property sits on a 4.73-acre lot and is part of a dominant community center, shadow-anchored by a Walmart Supercenter, PetSmart, and AutoZone, ensuring strong regional draw. Built in 2008, the single-tenant building offers a stable, long-term investment with a 7.25% cap rate and a substantial NOI of $657,809. The asking price is $9,073,000, translating to $266.30 per square foot. This investment provides long-term stability with minimal leasing responsibilities, making it an attractive opportunity for discerning investors seeking a high-performing, net-leased asset in a prime Sacramento location. The tenant, Chuze Fitness, operates 58 locations across multiple states, demonstrating a strong and established brand presence. This property offers a compelling combination of strong tenant occupancy (100%), a desirable location, and a secure, long-term lease.

Highlights

  • 15-Year NNN Lease with Chuze Fitness, including multiple renewal options, providing long-term stability and minimal landlord responsibilities.
  • High-visibility location at the signalized intersection of Florin Rd and Stockton Blvd, with over 85,500 cars per day.
  • Strong regional draw, situated within a dominant community center anchored by Walmart Supercenter, PetSmart, and AutoZone, and surrounded by complementary, recession-resistant businesses.

Property Details for 6061 Florin Rd

Property type
Lifestyle centers, Power centers
Square Feet
34,070 SF
Class
B
Year Built
2008
Buildings
1
Stories
2
Lot Size (sq. ft)
206,039 SF

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.4991204
Longitude
-121.4319578
6061 Florin Rd, Sacramento, California

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6061 Florin Rd
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