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4910-4970 Freeport Blvd 29,832 SF 79% Leased Retail Building Sacramento, CA 95822 $5,964,486 ($199.94/SF) 7.40% Cap Rate
Investment Highlights
- 29,832 SF Dollar Tree–anchored neighborhood retail center on Freeport Boulevard in Sacramento’s established Land Park submarket
- All ground-floor leases are NNN with 3–4% annual escalations and staggered expirations through 2029; approximately 77% of expenses are recovered
- Significant value-add: 6,400 SF vacant — a 2,400 SF ground-floor retail suite plus four upstairs office suites — representing immediate leasing upside
Executive Summary
4960 Freeport Boulevard is a Dollar Tree–anchored neighborhood retail center
positioned on a high-visibility corner along one of Sacramento’s principal north–
south arterials in the heart of the Land Park submarket.
The center totals 29,832 rentable square feet across 13 units — 22,832 SF of groundfloor
retail anchored by Dollar Tree (9,000 SF), Akebono Japanese restaurant (4,335
SF), ZLGK, Inc. (3,206 SF), Cathay Bank (2,391 SF) and Mahoroba Japanese Bakery
(1,500 SF), plus a 7,000 SF second floor above Dollar Tree of small-format office suites. In-place base
rent totals $517,546 annually with an additional $125,808 of expense reimbursements,
producing $643,354 of gross collected income.
All four occupied ground-floor leases are triple-net with 3–4% annual escalations
and staggered expirations running through 2029. With 6,400 SF vacant — the 2,400 SF
retail suite at 4960 Freeport Blvd and four upstairs suites — the property offers a new
owner immediate in-place cash flow from a credit-supported rent roll together with
clearly identifiable lease-up upside in a supply-constrained, neighborhood-serving
corridor.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$643,354
|
$17.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$38,601
|
$1.07
|
| Effective Gross Income |
$604,753
|
$16.77
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$163,392
|
$4.53
|
| Net Operating Income |
$441,361
|
$12.24
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $643,354 |
| Annual Per SF | $17.84 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $38,601 |
| Annual Per SF | $1.07 |
| Effective Gross Income | |
|---|---|
| Annual | $604,753 |
| Annual Per SF | $16.77 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $163,392 |
| Annual Per SF | $4.53 |
| Net Operating Income | |
|---|---|
| Annual | $441,361 |
| Annual Per SF | $12.24 |
Property Facts
Amenities
- Bus Line
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Akebono 2
- Accommodation and Food Services
- -
- -
- -
- -
-
- Finance and Insurance
- -
- -
- -
- -
Cathay Bank is a financial institution headquartered in El Monte, California, providing a comprehensive range of banking services to individuals, businesses, and international clients. Established in 1962 as the first Chinese-American bank in Southern California, the institution was founded to serve the needs of the Chinese-American community and has since expanded to a diverse customer base. Cathay Bank offers personal and business banking products, including checking and savings accounts, loans, mortgages, and credit services, as well as wealth management and international trade financing. The bank operates a network of branches across the United States, including major markets such as California, New York, Texas, and Illinois, and maintains overseas offices in key Asia-Pacific financial centers. Cathay Bank is publicly traded on NASDAQ under the ticker symbol CATY and continues to focus on delivering financial solutions that support both local and global business growth.
-
- Retailer
- -
- $18.00
- Triple Net
- Oct 2021
Dollar Tree began in 1986 as Only $1.00, building on earlier variety-store and toy-retail roots in Virginia. The company later adopted the Dollar Tree name and grew into a value retailer focused on everyday essentials, seasonal merchandise, and discovery-oriented shopping. Current offerings include housewares, cleaning supplies, candy, snacks, food, health and beauty products, toys, gifts, stationery, craft and party supplies, books, and seasonal décor. The business also sells through its digital channels, including case-pack ordering, store pickup, home delivery, and same-day local delivery from participating store locations.
- Ming Hui Dim Sum 2
- Accommodation and Food Services
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Akebono 2 | Accommodation and Food Services | - | - | - | - | |
|
|
Finance and Insurance | - | - | - | - | |
|
|
Retailer | - | $18.00 | Triple Net | Oct 2021 | |
| Ming Hui Dim Sum 2 | Accommodation and Food Services | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 017-0172-009 | Improvements Assessment | $3,366,000 |
| Land Assessment | $1,020,000 | Total Assessment | $4,386,000 |
Property Taxes
Contact the Sale Advisor
4910-4970 Freeport Blvd