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7145 Watt Ave
North Highlands, CA 95660
Fully Leased Multi-Tenant Retail + Value Add · Retail Property For Sale
Investment Highlights
- Fully leased ±9,800 SF multi-tenant retail center on 1.1 acres
- Stable tenant mix with long-term occupancy history and strong in-place cash flow
- Adjacent to McClellan Business Park, one of the region's largest employment centers
- Prime signalized hard-corner location at Watt Avenue & Q Street with monument signage
- Value-add opportunity through ±9,500 SF secured fenced yard with projected bonus income of $1,000–$2,000/month
- Positioned within the North Watt Avenue Specific Plan area, benefiting from future housing, redevelopment, and infrastructure growth
Executive Summary
7145 Watt Avenue is a fully leased ±9,800 SF, multi-tenant retail center (shadow anchored by Quick Quack Car Wash) situated on a highly visible 1.1-acre signalized hard-corner at Watt Avenue and Q Street in North Highlands (Sacramento County). The property features three established and long-term tenants, durable tilt-up concrete construction, a recently replaced roof (2022), and a combination of NNN and modified gross leases that provide stable cash flow. A significant value-add opportunity exists through the ±9,500 SF secured fenced yard, which is currently being positioned for approval as an outdoor events space that will generate an additional $2,000 per month of bonus income, offering future upside beyond the in-place revenue stream. Strategically located adjacent to McClellan Business Park and Airfield, near Business 80, I-80, light rail, and major retail services, the property is well positioned to benefit from continued residential growth, redevelopment, and infrastructure investment throughout the North Watt Avenue corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,811 SF
Building Class
C
Year Built
1983
Price
$1,595,000
Price Per SF
$162.57
Cap Rate
6.51%
NOI
$103,782
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.91 AC
Zoning
GC (General Commercial)
Parking
98 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 208-0133-038 | Improvements Assessment | $727,150 |
| Land Assessment | $491,190 | Total Assessment | $1,218,340 |
Property Taxes
Parcel Number
208-0133-038
Land Assessment
$491,190
Improvements Assessment
$727,150
Total Assessment
$1,218,340
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