Mattress Firm and Wayback Burgers | 6001 Florin Rd
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Mattress Firm and Wayback Burgers 6001 Florin Rd
7,799 SF 100% Leased Retail Building Sacramento, CA 95823 $3,061,000 ($392/SF) 7.50% Cap Rate
Investment Highlights
- Stable Strip Center with Long-Term Leases
Executive Summary
* Stable Strip Center – 100% leased ±7,799 SF, multi-tenant strip center, featuring two tenants on NNN leases, plus 10-15% admin fee recapture
** Wayback Burgers – Fast casual restaurant franchise with 170 stores and 40 countries
** Mattress Firm – America’s largest onmi channel mattress retailer with over 2,300 locations
* Long Term Leases – Both tenants are on long-term leases, producing a weighted average lease term remaining (WALT) of approximately 10 years
* Regional Draw – Mattress Firm & Wayback Burger is location in the dominant community center in the trade area and shadow anchored by a high-performing Walmart Super Store (NAP), Chuze Fitness (NAP), PetSmart (NAP), and AutoZone (NAP), as well as a synergistic mix of internet related “daily needs” tenants within the heart of Sacramento
** Wayback Burgers – Fast casual restaurant franchise with 170 stores and 40 countries
** Mattress Firm – America’s largest onmi channel mattress retailer with over 2,300 locations
* Long Term Leases – Both tenants are on long-term leases, producing a weighted average lease term remaining (WALT) of approximately 10 years
* Regional Draw – Mattress Firm & Wayback Burger is location in the dominant community center in the trade area and shadow anchored by a high-performing Walmart Super Store (NAP), Chuze Fitness (NAP), PetSmart (NAP), and AutoZone (NAP), as well as a synergistic mix of internet related “daily needs” tenants within the heart of Sacramento
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,799 SF
Building Class
B
Year Built
2008
Price
$3,061,000
Price Per SF
$392
Cap Rate
7.50%
NOI
$229,538
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.60 AC
Opportunity Zone
Yes
Zoning
SC
Parking
50 Spaces (6.26 Spaces per 1,000 SF Leased)
Frontage
100 FT on Florin
Amenities
- Bus Line
- Dedicated Turn Lane
- Signalized Intersection
Walk Score ®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 042-0011-037 | Improvements Assessment | $759,667 |
Land Assessment | $269,909 | Total Assessment | $1,029,576 |
PROPERTY TAXES
Parcel Number
042-0011-037
Land Assessment
$269,909
Improvements Assessment
$759,667
Total Assessment
$1,029,576
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Mattress Firm and Wayback Burgers | 6001 Florin Rd
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