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Natomas Gardens Shops 3645 Northgate Blvd 13,542 SF 100% Leased Retail Building Sacramento, CA 95834 $4,682,000 ($345.74/SF) 6.50% Cap Rate
Investment Highlights
- Fully Leased Shops Anchored by Western Dental with Complementary Tenant Mix
- Value-Add Opportunity with Shorter Lease Terms and Below Market Rent
- Excellent Access & Visibility Along Northgate Boulevard (26,803 ADT) at San Juan Road (17,094 ADT)
- Within Foods Co.-Anchored Natomas Gardens Shopping Center
- Foods Co. is Ranked #2 in the Chain with 1.2M Annual Visits (per Placer.ai)
- Just a Half Mile from I-80 (143,900 ADT), which Connects Sacramento to the Bay Area and Reno/Tahoe
Executive Summary
Fully leased retail shops opportunity anchored by Western Dental within Natomas Gardens Shopping Center, a Foods Co.-anchored center in Sacramento, California. The property features a complementary tenant mix including a pharmacy, bakery, health spa, nail salon, and other service-oriented users, providing investors with stable in-place income and future upside through shorter lease terms and below-market rents.
The center benefits from strong daily traffic generated by Foods Co., which ranks #2 in the chain with 1.2 million annual visits, per Placer.ai, along with neighboring retailers including Dollar Tree, ARCO/ampm, Smart & Final Extra!, Ross, Starbucks, Taco Bell, Circle K, O’Reilly, Quick Quack Car Wash, IHOP, and the new North80 development featuring McDonald’s, KFC, Panda Express, and more. The property offers excellent access and visibility along Northgate Boulevard and San Juan Road, just one-half mile from Interstate 80. Located approximately four miles north of Downtown Sacramento, the property is surrounded by dense residential neighborhoods, schools, employers, and strong surrounding demographics.
The center benefits from strong daily traffic generated by Foods Co., which ranks #2 in the chain with 1.2 million annual visits, per Placer.ai, along with neighboring retailers including Dollar Tree, ARCO/ampm, Smart & Final Extra!, Ross, Starbucks, Taco Bell, Circle K, O’Reilly, Quick Quack Car Wash, IHOP, and the new North80 development featuring McDonald’s, KFC, Panda Express, and more. The property offers excellent access and visibility along Northgate Boulevard and San Juan Road, just one-half mile from Interstate 80. Located approximately four miles north of Downtown Sacramento, the property is surrounded by dense residential neighborhoods, schools, employers, and strong surrounding demographics.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
13,542 SF
Building Class
B
Year Built
2003
Price
$4,682,000
Price Per SF
$345.74
Cap Rate
6.50%
NOI
$304,312
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.81 AC
Opportunity Zone
Yes
Zoning
SC U
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 250-0510-002 | Improvements Assessment | $3,545,000 |
| Land Assessment | $1,330,000 | Total Assessment | $4,875,000 |
Property Taxes
Parcel Number
250-0510-002
Land Assessment
$1,330,000
Improvements Assessment
$3,545,000
Total Assessment
$4,875,000
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