Granite Retail Center | 3311 Power Inn Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Granite Retail Center 3311 Power Inn Rd
7,574 SF 100% Leased Retail Building Sacramento, CA 95826 $2,850,000 ($376/SF) 5.95% Cap Rate
Investment Highlights
- Recently extended leases
- Heavy commercial corridor with over 50k+ vehicles per day pass the site; 1mi to over 190k+ ADT at 50 & Power Inn Rd./Howe Ave exit
- Additional weekend traffic generated by city owned 80ac park, consisting of multiple soccer fields and home to Sac United Soccer
- Strong Daytime Population: Workers, Employees, Residents: Over 215,000 in 3miles to 579,000 in 5miles
- ±1.5 mile to CSUS (California State University Sacramento – over 31,000 students)
- Opportunity Zone - Potential Tax Benefits
Executive Summary
3311 Power Inn Rd, Sacramento, CA presents a lucrative, and stabilized investment opportunity with a 100% leased retail center featuring a drive-thru and three established tenants in place. Kikis Chicken, Flying Wok, and Agave Mex bring a diverse range of dining options to this bustling location. With a proforma cap rate of 5.95% and a proforma NOI of $169,780, this property offers a stable income stream and potential for growth. Situated in Central Sacramento, the property benefits from a high-traffic location near major freeways, drawing over 50,000 cars daily. The area's robust commercial submarket ensures a steady flow of customers, complemented by strong daytime population from over 579,000 workers, employees, and residents within a 5-mile radius. Additionally, the property's proximity to public transportation and the Granite Regional Office Park further enhances its appeal. Don't miss out on this ideal investment opportunity in a thriving commercial hub.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,574 SF
Building Class
B
Year Built
2002
Price
$2,850,000
Price Per SF
$376
Cap Rate
5.95%
NOI
$169,575
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Land Acres
0.88 AC
Opportunity Zone
Yes
Zoning
C2 U - Central Commercial
Parking
40 Spaces (6.14 Spaces per 1,000 SF Leased)
Frontage
146 FT on Power Inn Rd
Amenities
- Bus Line
- Commuter Rail
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Flying Wok
- Retailer
- 1,320 SF
- -
- Mar 2023
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Flying Wok | Retailer | 1,320 SF | - | Mar 2023 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 079-0430-001 | Improvements Assessment | $2,454,139 |
| Land Assessment | $669,310 | Total Assessment | $3,123,449 |
PROPERTY TAXES
Parcel Number
079-0430-001
Land Assessment
$669,310
Improvements Assessment
$2,454,139
Total Assessment
$3,123,449
-
Jeff Clark -
Clark Commercial Real Estate
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Granite Retail Center | 3311 Power Inn Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.