Historical Retail Sale Listing - Fairway Creek - Nationwide Ins and Strings

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Fairway Creek - Nationwide Ins and Strings

9700 Fairway Drive, Roseville, CA 95678

N/A

3,738 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
3,738 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Property Use Type:
Net Lease Investment with
8 years left on lease
Cap Rate:
6.50%
Occupancy:
100%
Tenancy:
Multiple
Year Built:
2005
Lot Size:
6,197 SF
Listing ID
15566112
Last Updated
over 1 year ago

Highlights

  • Two established tenants (Strings Italian Cafe and Nationwide Insurance)
  • Fixed rental increases cause 35% NOI growth over hold period
  • Administrative and management fee recapture
  • Dominant retail intersection in trade area
  • No expense leakage - A True "NNN" leased strip center

Description

- 100% leased to two (2) established tenants, Strings Italian Cafe and Nationwide Insurance
- Local favorite Strings Italian Cafe pulls visitors into the Fairway Creek project
- Both tenants are on 10-year initial leases, with fixed rental increases
- NOI is project to grow $52,400 (35%) during the hold period, hedging against inflation and interest rate increases
- 10% administrative fee reimbursement from both tenants
- Recent construction No deferred maintenance or near-term capital requirements

- The Property is a portion of the approximately 95,477 SF Fairway Creek Shopping Center - available for parcelized or entire center sale.
- Strong, higher-income demographics just 20 minutes north of Sacramento
- Master-planning in this community will regulate growth and ensure value preservation
- Roseville' s population is projected to grow nearly 26% by 2015 to 133,680
- Dominant location at Fairway Creek Shopping Center, providing maximum visibility and easyingress/egress for patrons
- Located in the heart of one of Roseville' s primary retail corridors
- Directly across Fairway Drive from Home Depot, Costco, Staples, Sports Authority, Toys "R" Us, Linens 'N Things, JoAnn' s Fabrics, and proximate to Winco Foods, Lowe' s, Ross Dress for Less and Cost Plus World Market

Map of 9700 Fairway Drive, Roseville, CA 95678 (Placer County)

Research for 9700 Fairway Drive, Roseville, CA 95678 (Placer County)

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  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

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