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Westlake Village Shopping Center 3501 Del Paso Rd 17,160 SF 100% Leased Retail Building Sacramento, CA 95835 $7,635,000 ($444.93/SF) 6.45% Cap Rate
Investment Highlights
- Built in 2007, the property is 100% occupied across nine tenants, offering immediate, stable cash flow with no lease-up risk
- 92% of the GLA is occupied by tenants that have extended, in process, or signed new leases since 2025
- Positioned at a signalized hard corner at Del Paso Road and El Centro Road, with nearly 18,000 vehicles per day passing through the intersection
- Over 50% of the GLA is occupied by tenants that have been at the property since 2007 / 2008
- Placer.ai ranks the property in the 69th percentile nationwide among strip and convenience centers, based on visitation between July 25 and June 26
Executive Summary
Westlake Village Shopping Center is a 100% occupied, nine-tenant strip center built in 2007 and positioned at the signalized hard corner of Del Paso Road and El Centro Road in the Natomas submarket. The property sits within approximately ½ a mile of Interstate 5, providing direct connectivity to Interstate 80, Downtown Sacramento, and Sacramento International Airport. Sacramento is one of California’s fastest-growing large cities. Within a 5-mile radius of the subject property, population is projected to grow approximately 19% over the next ten years, pointing to sustained rooftop and consumer demand growth across the Natomas submarket.
Walgreens (NAP) anchors the broader Westlake Shopping Center, reinforcing the center’s retail traffic along with Chase, Subway and other daily-needs users.
Walgreens (NAP) anchors the broader Westlake Shopping Center, reinforcing the center’s retail traffic along with Chase, Subway and other daily-needs users.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,160 SF
Building Class
C
Year Built
2007
Price
$7,635,000
Price Per SF
$444.93
Cap Rate
6.45%
NOI
$492,308
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
2.20 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
Chase traces its roots to predecessor institutions founded in 1799 and later became Chase Manhattan Bank through a 1955 merger, before joining with J.P. Morgan & Co. in 2000 to form the current banking business. The company serves as the U.S. consumer and commercial banking business of JPMorgan Chase and offers checking and savings accounts, credit cards, home loans, auto financing, and digital banking services. Chase also provides investing and wealth management offerings through J.P. Morgan, alongside commercial banking and corporate and investment banking activities that support households, businesses, and institutional clients.
- Qamaria Coffee
- Retailer
- -
- $30.00
- Aug 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - | ||
| Qamaria Coffee | Retailer | - | $30.00 | Aug 2026 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 225-2060-006 | Improvements Assessment | $3,528,043 |
| Land Assessment | $1,600,578 | Total Assessment | $5,128,621 |
Property Taxes
Parcel Number
225-2060-006
Land Assessment
$1,600,578
Improvements Assessment
$3,528,043
Total Assessment
$5,128,621
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