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6199 Sunrise Mall Rd 8,000 SF Retail Building Citrus Heights, CA 95610 $10,300,000 ($1,287.50/SF) 5.66% Cap Rate
Investment Highlights
- S&P A-Rated U.S. Bancorp Lease (NYSE: USB) – Corporate Backed Credit Tenant
- High-Performing Location – $264M+ in total deposits; ranked in the 93rd percentile nationwide (Placer.ai)
- Long-Term Income – ±9.6 years remaining with (4) five-year extension options
- Absolute NNN Cash Flow – 4% annual rent increases with zero landlord responsibilities; inflation-protected growth
- Sunrise Tomorrow Redevelopment – Entitlements approved for a 100-acre mixed-use project
- Strong Rent Growth – Increases from $560K (2025) to $829K (2035)
Executive Summary
Marcus & Millichap has been selected to exclusively market for sale the fee simple interest in an 8,000SqFt Single Tenant Drive Thru building
leased to U.S. Bank, located at the signalized intersection of Sunrise Boulevard at Greenback Lane, Citrus Heights, California.
The Property is subject to a long-term Lease originating in 1971 and recently extended an additional Ten (10) year firm term reflecting the
Tenant’s continued long-term commitment to the location. The Lease extends through December 31, 2035, with Four (4) five-year options.
The Lease provides contractual annual rent increases equal to the greater of CPI or 4%, providing a built-in hedge against inflation and
supporting long-term income growth. Rental income increases from $582,947 in 2026 to $829,715 in 2035. The Lease is an absolute triple-net
structure with zero landlord responsibilities and is backed by a corporate guarantee from U.S. Bancorp (Operating as U.S. Bank).
The location demonstrates strong bank operating performance, ranking in the top 93rd percentile nationwide by Placer.ai, with over
$264 million in total deposits, supporting long-term tenant viability and reinforcing the location’s importance within the tenant’s branch
network.
The Property is part of a Reciprocal Easement Agreement to the Sunrise Tomorrow Specific Plan, a long-term mixed-use
redevelopment initiative encompassing the Sunrise Mall trade area. The plan envisions a transformational redevelopment featuring housing,
hospitality, retail, entertainment, office, and community-oriented uses designed to revitalize the corridor into a regional destination.
As part of the redevelopment initiative, the City of Citrus Heights recently announced plans for the proposed Sunrise Sports Center,
a 160,000SqFt regional sports and entertainment complex envisioned as a catalyst project for the broader Sunrise redevelopment area.
Current plans include a 4,000-seat arena, NHL-sized ice sheets, indoor and outdoor sports facilities, restaurants, and entertainment-oriented
uses expected to drive additional consumer traffic and long-term investment throughout the immediate area.
leased to U.S. Bank, located at the signalized intersection of Sunrise Boulevard at Greenback Lane, Citrus Heights, California.
The Property is subject to a long-term Lease originating in 1971 and recently extended an additional Ten (10) year firm term reflecting the
Tenant’s continued long-term commitment to the location. The Lease extends through December 31, 2035, with Four (4) five-year options.
The Lease provides contractual annual rent increases equal to the greater of CPI or 4%, providing a built-in hedge against inflation and
supporting long-term income growth. Rental income increases from $582,947 in 2026 to $829,715 in 2035. The Lease is an absolute triple-net
structure with zero landlord responsibilities and is backed by a corporate guarantee from U.S. Bancorp (Operating as U.S. Bank).
The location demonstrates strong bank operating performance, ranking in the top 93rd percentile nationwide by Placer.ai, with over
$264 million in total deposits, supporting long-term tenant viability and reinforcing the location’s importance within the tenant’s branch
network.
The Property is part of a Reciprocal Easement Agreement to the Sunrise Tomorrow Specific Plan, a long-term mixed-use
redevelopment initiative encompassing the Sunrise Mall trade area. The plan envisions a transformational redevelopment featuring housing,
hospitality, retail, entertainment, office, and community-oriented uses designed to revitalize the corridor into a regional destination.
As part of the redevelopment initiative, the City of Citrus Heights recently announced plans for the proposed Sunrise Sports Center,
a 160,000SqFt regional sports and entertainment complex envisioned as a catalyst project for the broader Sunrise redevelopment area.
Current plans include a 4,000-seat arena, NHL-sized ice sheets, indoor and outdoor sports facilities, restaurants, and entertainment-oriented
uses expected to drive additional consumer traffic and long-term investment throughout the immediate area.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
B
Year Built
1972
Price
$10,300,000
Price Per SF
$1,287.50
Cap Rate
5.66%
NOI
$582,947
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.93 AC
Zoning
SC, Citrus Heights - Commercial
Parking
60 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 243-0192-016 | Improvements Assessment | $4,762,701 |
| Land Assessment | $1,948,377 | Total Assessment | $6,711,078 |
Property Taxes
Parcel Number
243-0192-016
Land Assessment
$1,948,377
Improvements Assessment
$4,762,701
Total Assessment
$6,711,078
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6199 Sunrise Mall Rd
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