10635 Folsom Blvd
Rancho Cordova, CA 95670
Retail Property For Sale

Site & Improvements Built in 2001, this Safeway is constructed of steel, glue-lam beam, and timber framing, with stucco, and decorative brick façade. The approximately 55,602 square foot structure sits on a site area of some 5.52 acres. There is ample on-site parking for shoppers, and ingress/egress to this Safeway is convenient via the double-wide, signalized, main entrance which features dedicated left and right turn lanes from Folsom Boulevard. Enhancing the ingress/egress is a second double-wide curb-cut on the subject parcel. Sound Fundamentals The subject Safeway features sound investment fundamentals. The property is located on Folsom Boulevard, one of the Rancho Cordova’s most heavily traveled arterials. A barriers-to-entry, in-fill site, the immediate trade area bustles with a whos-who of retailers including Walmart Supercenter, Dollar Tree, See’s Candies, McDonald's, Planet Fitness, Bank of America, Firestone, Target, Ulta Beauty, Marshalls and more. The rent level paid by Safeway at this location appears eminently duplicable based on box-retail lease comparable data. Strong annual sales for this Safeway exceeded $500 per square foot in 2018. From a pricing perspective, this Safeway compares well with box-retail assets currently on-market and recently closed as to capitalization rate and price per square foot. Notice to Brokers & Principals The sellers are industry professionals, and one of the largest individual owners of Safeway anchored shopping centers in Northern California. If extension of the lease were obtainable upon economically feasible terms, the seller would do so. Offers subject to a lease extension will not be considered.