Orangevale Auto Repair, Body Shop Investment 6228 Walnut Ave 2,180 SF Retail Building Orangevale, CA 95662 $795,000 ($364.68/SF) 7.54% Cap Rate

Vacant auto care and body shop investment with strong local following. Seller financing is available for well qualified buyers. The property was built in 1958 and offers approximately 2,180 square feet of rental space and sits on a 8,670 square foot lot with ample room for car storage in a gated parking lot and customer parking. The property is in good condition with no deferred maintenance and has a nice waiting room and ample space for repair work. Currently, there is one lift that will be sold with the property but there is space for a total of three lifts. There are two roll-up doors: one roll-up door in the front and one roll-up door on the side in the gated parking lot. There are multiple prospective tenants that are requesting a NNN lease with a 5-year term (or more) with 3.0% annual rent increases. All deferred maintenance has been addressed resulting in a stress-free, turn-key, property with zero management responsibilities. This was the old business location for Sacramento Smog Test and Repair. They had a great local following, but the old owner retired the business. This is an Orangevale location near Folsom, CA just off Greenback Lane with excellent street traffic. There are many restaurants and shopping options nearby surrounded by a stable community with many loyal nearby residents.
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