4845 Watt Ave
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4845 Watt Ave
4,439 SF 100% Leased Retail Building North Highlands, CA 95660 $1,400,000 ($315/SF)
Investment Highlights
- Prime Location: Signalized corner lot on Watt Ave with high traffic exposure.
- Strong Footfall: High visibility ensures steady customer flow.
- Major Employment Hub Nearby: Adjacent to McClellan Park with 35,000+ employees.
- Established Tenants: Subway, Curry Express, and Medcare Pharmacy.
- Excellent Connectivity: Less than 2 miles from Interstate 80.
- Dense Residential Area: Surrounded by populous neighborhoods providing a built-in customer base.
Executive Summary
This prime retail investment opportunity is situated at 4845 Watt Ave, North Highlands, CA. The property boasts a well-maintained 4,500 sq. ft. retail building on a spacious 29,620 sq. ft. parcel. Featuring established tenants such as Subway, SS Currey Express, and Medcare Pharmacy, this property guarantees steady footfall and consistent rental income. Positioned on a signalized corner lot with optimal visibility and over 41,000 average daily traffic (ADT) on Watt Ave, the property offers unparalleled access and exposure. Its proximity to Interstate 80, just under 2 miles away, enhances connectivity, making it an ideal location for businesses. The surrounding densely populated neighborhoods and adjacency to McClellan Park, a major employment hub, provide a built-in customer base and potential for continued growth. Listed at $1,400,000 ($311.11 PSF) with a 7.20% proforma cap rate, this investment promises both stability and profitability in a thriving commercial corridor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,439 SF
Building Class
B
Year Built
2005
Price
$1,400,000
Price Per SF
$315
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.70 AC
Opportunity Zone
Yes
Zoning
SPA - Special Planning Area - Sacramento County
Parking
30 Spaces (7.23 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 240-0550-066 | Improvements Assessment | $823,497 |
| Land Assessment | $503,011 | Total Assessment | $1,326,508 |
PROPERTY TAXES
Parcel Number
240-0550-066
Land Assessment
$503,011
Improvements Assessment
$823,497
Total Assessment
$1,326,508
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4845 Watt Ave
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