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602-622 Academy Ave
Sanger, CA 93657
Verizon & Wingstop Multi-Tenant Pad · Retail Property For Sale
Investment Highlights
- 100% Occupancy; Internet-Resistant Tenant Mix: Tenants include Verizon, Wingstop, Deli Delicious, Bumble Bee, Classic Urgent Care and EVgo
- Outstanding Co-Tenant Lineup: National tenants in the shopping center include Starbucks, Taco Bell, Denny’s, and Napa Auto Parts
- Excellent Visibility Along Main Retail Corridor
- Long-Term Historical Occupancy: 87% of the tenancy has occupied space at the property for 9+ years
- High Barriers to Entry with Limited Surrounding Retail Competition
- High-Growth Trade Area: The number of households has increased over 12.5% in a 3-mile radius over the past 10 years
Executive Summary
Top-Performing Multi-Tenant Pad | 87% of Tenants Have Occupied Space at the Property for 9+ Years | Internet-Resistant Tenant Mix
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,016 SF
Building Class
B
Year Built
2016
Price
$4,990,000
Price Per SF
$622.50
Cap Rate
6%
NOI
$299,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.15
Lot Size
1.21 AC
Zoning
C-2
Parking
75 Spaces (9.36 Spaces per 1,000 SF Leased)
Frontage
122’ on Academy Ave
Amenities
- Signage
- Signalized Intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $143,359 | |
| Land Assessment | $613,417 | Total Assessment | $756,776 |
Property Taxes
Parcel Numbers
Land Assessment
$613,417
Improvements Assessment
$143,359
Total Assessment
$756,776
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