2932-2940 Freeport Blvd 6,340 SF 100% Leased Retail Building Sacramento, CA 95818 $3,200,000 ($504.73/SF) 5.60% Cap Rate

Land Park Retail Lifestyle Center
Fully Leased Neighborhood Retail | Core Land Park Location | Long-Term Income Stability
The Opportunity
Land Park Retail Lifestyle Center presents the opportunity to acquire a fully leased neighborhood retail asset in one of Sacramento’s most established, affluent, and supply-constrained submarkets. The Property offers long-term income stability, supported by tenants deeply embedded in the surrounding community. With contractual rent escalations and improving expense recoveries, the asset provides predictable current cash flow with measurable NOI growth over the next several years. This is a core-plus retail investment positioned for investors seeking predictable cash flow in a high-barrier-to-entry location.
Location Overview | Land Park
Land Park is one of the region’s most desirable and affluent neighborhoods. Freeport Boulevard functions the way strong retail corridors are meant to—quietly, consistently, and without interruption, carrying daily neighborhood traffic through one of Sacramento’s most stable residential districts. The area is defined by tree-lined streets, high homeownership, and limited new retail development, creating natural barriers to entry that protect existing assets. Nearby anchors including Freeport Bakery, Maries Doughnuts, Taylor's Market, StepDad's, William Land Park, the Sacramento Zoo, Fairytale Town, and Sacramento City College reinforce consistent daily demand.
Tenant Profile
Power Pack Fitness:
Anchor tenant occupying approximately 71% of the center
Long-term lease in place through 2035
Established local operator serving the surrounding community
Chocolate Fish Coffee Roasters:
Award-winning regional coffee brand
Long-term tenancy through 2033
Strong daily-use neighborhood draw
The tenant mix delivers consistent traffic, repeat visitation, and stable income.
Investment Highlights:
Fully leased, stable income-producing asset
Rent escalation-driven NOI growth with market-to-market upside
Long-duration, inflation-protected income stream
Minimal leasing and rollover risk
Strong street presence along Freeport Boulevard
Shared frontage reinforcing tenant visibility and synergy
Property Details:
Address: 2932–2940 Freeport Boulevard, Sacramento, CA
Property Type: Neighborhood Lifestyle Center
Total Rentable Area: ±6,020 SF
Occupancy: 100% Leased
Configuration: Two buildings operating as a single center
Zoning: C-2 (General Commercial)
Year Built: 1957
Renovated: 2018
Demographics (3-Mile Radius):
Population: ±155,000
Average Household Income: ±$110,000
Land Park Avg. Household Income: ±$137,811
Curtis Park Avg. Household Income: ±$146,219
Median Home Price (2025): ~$730,000
High Home Sales: Up to $3,000,000
Transit & Accessibility:
Prominent frontage along Freeport Blvd (±28,700 AADT)
Close proximity to Sutterville Road (±25,456 AADT)
Light Rail Weekly Riders: 22,100
Strong weekday commuter and neighborhood traffic patterns
Access to nearby light rail stations
Please reach out to the listing brokers to schedule a tour.