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400 Harris Ave 9,100 SF Retail Building Sacramento, CA 95838 $2,850,000 ($313.19/SF) 6.29% Cap Rate
Investment Highlights
- Located in a highly engaged neighborhood
- Strategically positioned along a major thoroughfare, ensuring consistent foot and vehicle traffic throughout the day
- Surrounded by a dense residential area, making this location the preferred discount store for local shoppers
Executive Summary
PROPERTY NAME Dollar General
PROPERTY ADDRESS 400 Harris Ave, Sacramento, CA
PRICE $2,850,000
CAP RATE 6.00%
INITIAL NOI/RENT $179,216
APPROX. BUILDING SIZE 9,100SF
APPROX. LOT SIZE 1.56 AC
YEAR BUILT/RENOVATED 2013
LEASE SUMMARY
TENANT Dollar General
GUARANTOR Corporate Guarantee
LEASE TYPE Absolute Triple Net (NNN)
LEASE COMMENCEMENT Sep 2013
LEASE EXPIRATION Aug 2028
ORIGINAL TERM 15 Years
OPTION TERM Three 5-Year Options
INCREASES 10% Every 5 Years In Option Period
LANDLORD RESPONSIBILITIES None
TENANT RESPONSIBILITIES Base Rent, Property Taxes, Insurance, Maintenance
PROPERTY ADDRESS 400 Harris Ave, Sacramento, CA
PRICE $2,850,000
CAP RATE 6.00%
INITIAL NOI/RENT $179,216
APPROX. BUILDING SIZE 9,100SF
APPROX. LOT SIZE 1.56 AC
YEAR BUILT/RENOVATED 2013
LEASE SUMMARY
TENANT Dollar General
GUARANTOR Corporate Guarantee
LEASE TYPE Absolute Triple Net (NNN)
LEASE COMMENCEMENT Sep 2013
LEASE EXPIRATION Aug 2028
ORIGINAL TERM 15 Years
OPTION TERM Three 5-Year Options
INCREASES 10% Every 5 Years In Option Period
LANDLORD RESPONSIBILITIES None
TENANT RESPONSIBILITIES Base Rent, Property Taxes, Insurance, Maintenance
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2013
Price
$2,850,000
Price Per SF
$313.19
Cap Rate
6.29%
NOI
$179,216
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.56 AC
Opportunity Zone
Yes
Zoning
M-1-LI - Light Industrial
Parking
40 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
172’ on Harris Ave
Amenities
- Bus Line
- Corner Lot
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 250-0061-024 | Improvements Assessment | $1,750,000 |
| Land Assessment | $950,000 | Total Assessment | $2,700,000 |
Property Taxes
Parcel Number
250-0061-024
Land Assessment
$950,000
Improvements Assessment
$1,750,000
Total Assessment
$2,700,000
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400 Harris Ave
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