6061 Florin RdSacramento, CA 95823

  • Retail properties
  • 34,070 SF
For Sale
$9,073,000 View listing

Property Details for 6061 Florin Rd

Year built
2008
Construction
WOOD
Lot size
4.70 AC
Property size (Sq ft)
34,070 SF
Zone code
SC
Property type
Retail properties
Property subtype
Strip malls
APN
042-0011-029-0000
APU
4200110290000

Description

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.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $8,425,371
    6.5%
    $7,777,266
    7%
    $7,221,746
  • Comparable approach

    Method
    Valuation
    Relative Method
    $12,258,577
    Geo Method
    $12,258,577
  • Alternative Use

    Use
    Valuation
    Residential
    $6,560,414
    Hospitality
    $6,009,304
    Educational
    $4,999,671
    Medical
    $5,171,617
    Retail
    $7,777,266
6061 Florin Rd, Sacramento, California

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.4989
Longitude
-121.432
CBSA code
40900
CBSA name
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$76,893
$2,198,598
$3,240,580
$5,439,178
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