This Retail Property is Off-Market.

9700 Fairway Drive
Roseville, CA 95678 ·

3,738 SF · Retail For Sale

N/A

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Fairway Creek - Nationwide Ins and Strings

Price N/A Cap Rate 6.50%
Gross Leasable Area 3,738 SF Occupancy 100%
Property Type Retail Tenancy Multiple
Property Sub-type Strip Center Year Built 2005
Property Use Type Net Lease Investment with 8 years left on lease Lot Size 6,197 SF
Listing ID: 15566112 Date Created: 02/14/2008 Last Updated: 05/19/2008

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

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

Research

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

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