6061 Florin RdSacramento, CA 95823
- Retail properties
- 34,070 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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