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Fully Leased Retail Investment + Bonus Income 7145 Watt Ave 9,811 SF 100% Leased Retail Building North Highlands, CA 95660 $1,595,000 ($162.57/SF) 7% Cap Rate
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
- Additional $1,000 per month income for outdoor event space to commence 3/1/2027
- 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 (plus one new tenant), durable tilt-up concrete construction, a recently replaced roof (2022) and combination of NNN and modified gross leases that provide stable cash flow. Tenants include a salon, paint shop, grocery market/catering operation plus outdoor events center. Bonus income reflects a $1,000 rent increase for the outdoor event center commencing 3/1/27. New ownership can also increase NNN and CAM reimbursements, since current ownership has been very soft on collecting these amounts for the long-term tenants. 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
Building Size
9,811 SF
Building Class
C
Year Built
1988
Price
$1,595,000
Price Per SF
$162.57
Cap Rate
7%
NOI
$111,663
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.10 AC
Zoning
RMU-1 - Residential Mixed Use
Parking
98 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
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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Fully Leased Retail Investment + Bonus Income | 7145 Watt Ave
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