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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

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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

U.S. Bank
Starbucks
Bank of America
Bambu
S F Supermarket Inc
Dutch Bros
Chase Bank
IHOP
Golden 1 Credit Union

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
042-0011-037
Land Assessment
$269,909
Improvements Assessment
$759,667
Total Assessment
$1,029,576
  • Listing ID: 28678263

  • Date on Market: 6/6/2023

  • Last Updated:

  • Address: 6001 Florin Rd, Sacramento, CA 95823

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