This Retail Property is Off-Market.

5500 Sunrise Boulevard
Citrus Heights, CA 95610 ·

15,349 SF · Retail For Sale

N/A

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Sunrise at Pebble Beach

Price N/A Cap Rate 11.13%
Building Size 15,349 SF Occupancy 40%
Property Type Retail Tenancy Multiple
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

Description

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.

Highlights

  • 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

Research

5500 Sunrise Boulevard, Citrus Heights, CA 95610 (Sacramento County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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