120 N Jackson St
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120 N Jackson St
7,139 SF 100% Leased Retail Building Dixon, CA 95620 $1,381,000 ($193/SF) 6.83% Cap Rate
Investment Highlights
- Busy Downtown hard-corner location | Low $207 per per square foot
- 100% occupied | 4 of 6 tenants have been at this location for over 10 years
- Major capital improvements over the past 5 years include a new roof, parking striping & sealing and two new HVAC units
- 1,400+ new residential developments located 1-mile west of the subject property
- All leases have annual rent increases of 3% to 5%
- Same ownership and self-managed since 1985
Executive Summary
100% occupied retail center located in the rapidly growing city of Dixon (Sacramento MSA). Self-managed and same ownership since 1985.
Dixon is undergoing explosive growth with over 1,400 residential developments being built within 1-mile from the subject property. Four of the six tenants have been at this location for over 10 years.
Each tenant has annual rent increases of 3% to 5%, providing a hedge against inflation. Major capital improvements completed in the past 5 years include: new roof, parking lot striping & sealing and two new HVAC units.
Low $207 price per square foot.
Dixon is undergoing explosive growth with over 1,400 residential developments being built within 1-mile from the subject property. Four of the six tenants have been at this location for over 10 years.
Each tenant has annual rent increases of 3% to 5%, providing a hedge against inflation. Major capital improvements completed in the past 5 years include: new roof, parking lot striping & sealing and two new HVAC units.
Low $207 price per square foot.
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- Offering Memorandum
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$115,564
|
$16.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$115,564
|
$16.19
|
| Taxes |
$15,400
|
$2.16
|
| Operating Expenses |
$5,856
|
$0.82
|
| Total Expenses |
$21,256
|
$2.98
|
| Net Operating Income |
$94,308
|
$13.21
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $115,564 |
| Annual Per SF | $16.19 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $115,564 |
| Annual Per SF | $16.19 |
| Taxes | |
|---|---|
| Annual | $15,400 |
| Annual Per SF | $2.16 |
| Operating Expenses | |
|---|---|
| Annual | $5,856 |
| Annual Per SF | $0.82 |
| Total Expenses | |
|---|---|
| Annual | $21,256 |
| Annual Per SF | $2.98 |
| Net Operating Income | |
|---|---|
| Annual | $94,308 |
| Annual Per SF | $13.21 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,139 SF
Building Class
B
Year Built/Renovated
1905/2022
Price
$1,381,000
Price Per SF
$193
Cap Rate
6.83%
NOI
$94,308
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Land Acres
0.37 AC
Zoning
C - Commercial Downtown Business District.
Parking
15 Spaces (2.1 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Skylights
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- AHL Home Loans
- Real Estate
- 1,630 SF
- $13.62
- Full Service Gross
- Feb 2025
- Divina's Beauty Salon
- Services
- 459 SF
- $18.23
- Full Service Gross
- Apr 2025
- Dream Home RE
- Real Estate
- 550 SF
- $17.45
- Full Service Gross
- Apr 2027
- Nino's Barber Shop
- Services
- 900 SF
- $23.35
- Full Service Gross
- Apr 2025
- Taqueria Panchita
- Accommodation and Food Services
- 800 SF
- $21.63
- Full Service Gross
- Feb 2025
- The Creative Space
- Arts, Entertainment, and Recreation
- 2,800 SF
- $13.24
- Full Service Gross
- Feb 2025
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| AHL Home Loans | Real Estate | 1,630 SF | $13.62 | Full Service Gross | Feb 2025 | |
| Divina's Beauty Salon | Services | 459 SF | $18.23 | Full Service Gross | Apr 2025 | |
| Dream Home RE | Real Estate | 550 SF | $17.45 | Full Service Gross | Apr 2027 | |
| Nino's Barber Shop | Services | 900 SF | $23.35 | Full Service Gross | Apr 2025 | |
| Taqueria Panchita | Accommodation and Food Services | 800 SF | $21.63 | Full Service Gross | Feb 2025 | |
| The Creative Space | Arts, Entertainment, and Recreation | 2,800 SF | $13.24 | Full Service Gross | Feb 2025 |
Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 0113-055-130 | Total Assessment | $497,674 (2023) |
| Land Assessment | $133,987 (2023) | Annual Taxes | $15,400 ($2.16/SF) |
| Improvements Assessment | $363,687 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0113-055-130
Land Assessment
$133,987 (2023)
Improvements Assessment
$363,687 (2023)
Total Assessment
$497,674 (2023)
Annual Taxes
$15,400 ($2.16/SF)
Tax Year
2024
-
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