San Diego - North Property Search
Retail For Sale
1617 Douglas Blvd, Roseville, CA 95661
Overview
| Price: | $8,750,000 |
|---|---|
| Building Size: | 35,988 SF |
| Property Type: | Retail |
| Total Lot Size: | 3.41 Acres |
| Year Built: | 1975 |
Description
Skechers (NYSE: SKX) & Harbor Freight Tools | Strong Corporate Credit | Corporate Lease Guarantees
Subject Property Completely Renovated In 2024 & 2025 | No Deferred Maintenance | New Roof, HVAC & Parking Lot
New 10-Year Triple (NNN) Leases With 10% Rent Escalations Every 5 Years | Tenants Actions Clearly Show Strong Commitment to This Location
Tenants Are Paying an Under-Market Rent Of $15.00 PSF– Below the Current $24-$28/PSF NNN Market Rental Rate | Low 4.8% Retail Vacancy Rate and High Demand (Source: Co-star)
A+ Real Estate Location | Douglas Blvd. Frontage | Less Than 1/2 Mile From I-80 Freeway Exit | Shadow Anchored by Hobby Lobby & Ross Dress for Less
Strong Demographics – Growing Affluent Sacramento Suburb With 2.6M People in the MSA
Location
A+ REAL ESTATE LOCATION | DOUGLAS BLVD. FRONTAGE | LESS THAN ½ MILE FROM I-80 FREEWAY EXIT | SHADOW ANCHORED BY HOBBY LOBBY & ROSS DRESS FOR LESS
HIGH TRAFFIC LOCATION AT THE INTERSECTION OF DOUGLAS BLVD (33,600 VPD) AND I-80 (179,600 VPD)
GROWING POPULATION IN ROSEVILLE AND JUST 20 MILES FROM DOWNTOWN SACRAMENTO
Contact Broker
Ryan Bennett
Principal
Lee & Associates - North San Diego
| Cell | 760.519.0240 |
|---|---|
| Office | 760.448.2449 |
| Fax | 760.493.4104 |
Drew Olson
Associate
Lee & Associates - North San Diego
| Cell | 760.519.1998 |
|---|---|
| Office | 760.448.1372 |
| Fax | 760.493.4086 |
Jake Neufeld
Associate
Lee & Associates - North San Diego
| Cell | 760.846.4888 |
|---|---|
| Office | 760.448.2455 |
Powered by Buildout