12440 Jackson Gate Rd
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12440 Jackson Gate Rd
12,450 SF 100% Leased Retail Building Jackson, CA 95642 $4,650,000 ($373/SF) 6.70% Cap Rate
Investment Highlights
- Per Placer.AI, O'Reilly is ranked in the top 77th percentile. and SpeeDee Oil is ranked in the top 67th percentile.
- 89-Percent of Square Footage is Leased By Recession Resistant Tenants With Nearly 15 Years of Operating History.
- Situated at Signalized Intersection of Highway 49 and Jackson Gate Road, With Exposure to 20,950 Cars Per Day.
- Triple-Net (NNN) Leases Provide Consistent Returns and Low Management.
Executive Summary
Marcus & Millichap is pleased to present for sale “Jackson Gate South”, which consists of three commercial buildings totaling 12,450 rentable square-feet on a 1.05 acre lot. The subject property is currently 94-percent occupied by three tenants on “Triple-Net (NNN)” Leases, and has a history of being ~90+ percent occupied and above since it's construction in 2008.
Jackson Gate South is located at the signalized intersection of Highway 49 and Jackson Gate Road, just north of the intersection of Highway 88 & Highway 49. The subject property is visible from the intersection of Highway 88 & 49, and has multiple point of ingress & egress making the property easily accessible for the roughly 21,000 vehicles that pass the site each day. As a result of this strong location, multiple regional and national retailers have chosen the surrounding area for store locations. Retailers in the surrounding area include Safeway, Lowe’s, Starbucks, Carl’s Jr., Jack-In-The-Box, America’s Tire, PNC Bank, etc.
The current tenants of the property are O’Reilly Auto Parts, SpeeDee Oil Change & Auto Service, and a local Hair Salon. O'Reilly Auto & SpeeDee Lube have been operating at this site for over fifteen years. In 2022, O'Reilly recently renewed their lease early. Collectively, these three tenants occupy 94% percent of the available square footage. The initial terms of O’Reilly & SpeeDee leases expire in 08/28, and 10/28, respectively. Both tenants have Two Five-Year Options, each of which contain rental increases. The Hair Salon signed a new 5-Year Lease which expires in 2/27, and has no option to renew.
Offered at $4,650,000 or a 6.70-percent cap rate, this offering presents an investor with the opportunity to acquire a low management asset with an attractive yield.
Jackson Gate South is located at the signalized intersection of Highway 49 and Jackson Gate Road, just north of the intersection of Highway 88 & Highway 49. The subject property is visible from the intersection of Highway 88 & 49, and has multiple point of ingress & egress making the property easily accessible for the roughly 21,000 vehicles that pass the site each day. As a result of this strong location, multiple regional and national retailers have chosen the surrounding area for store locations. Retailers in the surrounding area include Safeway, Lowe’s, Starbucks, Carl’s Jr., Jack-In-The-Box, America’s Tire, PNC Bank, etc.
The current tenants of the property are O’Reilly Auto Parts, SpeeDee Oil Change & Auto Service, and a local Hair Salon. O'Reilly Auto & SpeeDee Lube have been operating at this site for over fifteen years. In 2022, O'Reilly recently renewed their lease early. Collectively, these three tenants occupy 94% percent of the available square footage. The initial terms of O’Reilly & SpeeDee leases expire in 08/28, and 10/28, respectively. Both tenants have Two Five-Year Options, each of which contain rental increases. The Hair Salon signed a new 5-Year Lease which expires in 2/27, and has no option to renew.
Offered at $4,650,000 or a 6.70-percent cap rate, this offering presents an investor with the opportunity to acquire a low management asset with an attractive yield.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,450 SF
Building Class
C
Year Built
2008
Price
$4,650,000
Price Per SF
$373
Cap Rate
6.70%
NOI
$311,550
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
1.05 AC
Zoning
C2
Parking
54 Spaces (4.34 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Monument Signage
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 044-030-023-000 | Improvements Assessment | $3,378,138 |
| Land Assessment | $1,384,480 | Total Assessment | $4,762,618 |
PROPERTY TAXES
Parcel Number
044-030-023-000
Land Assessment
$1,384,480
Improvements Assessment
$3,378,138
Total Assessment
$4,762,618
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12440 Jackson Gate Rd
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