5500 Sunrise Boulevard
Citrus Heights, CA 95610 ·
15,349 SF · Retail For Sale
Sunrise at Pebble Beach
|Building Size||15,349 SF||Occupancy||40%|
|Property Sub-type||Free Standing Bldg||Year Built||1987|
|Property Use Type||Investment||APN / Parcel ID||233-0044-01|
|Listing ID: 17903668||Date Created: 11/05/2012||Last Updated: 12/20/2012|
This is an opportunity to purchase an updated retail center located in one of the most desirable retail submarkets in our area. At 39.78% occupancy, 5500 Sunrise Boulevard provides significant upside through lease up of vacant space.
The property offers a dense surrounding population with strong average household incomes, driving retail demand in the Sunrise Boulevard corridor.
- Stabilized year two yield of 11.13% at 100% occupancy
- Occupied by AT&T Wireless and Smashburger. Smashburger recently signed a ten year lease extension starting at $30.00 per square foot annually
- Positioned in the heart of the Sunrise retail corridor with excellent Sunrise Boulevard visibility and a corner lot location
- Located less than a quarter mile south of the 1,200,000 SF Sunrise Mall and 338,783 SF Marketplace at Birdcage Regional SC
- Well maintained, attractive recently remodeled retail center
- Significant rent growth potential
6140 Auburn Blvd
Citrus Heights, CA 95621
For Sale · $940,000
11,824 SF Building
Free Standing Bldg
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