7451 Greenback Ln
Citrus Heights, CA 95610
Sylvan Green · Retail Property For Sale

CORE Commercial is pleased to offer for sale this well located investment, owner user or redevelopment opportunity ideally positioned at the NWC of Greenback Lane and Sylvan Road in Citrus Heights, CA. The subject property is comprised of two buildings totaling 6,000 SF of improvements and situated on a 0.64 acre parcel with 35 dedicated parking spaces. The subject property has excellent exposure along Greenback and benefits from average daily traffic counts of 28,000 vehicles per day. The current gross rents at the subject property are $69,996 with an in-place Net Operating Income of approximately $40,009. The in-place Cap Rate at 60% occupancy equates to 5.06%. The property offers upside for an investor by way of re-tenanting the property or converting the existing gross type leases to NNN. Converting the gross type lease to NNN would increase the current 5.06% yield to approximately 7.2%. Located at 7451 Greenback Lane, just east of the Greenback / San Juan intersection which has average daily traffic counts of approximately 70,000 vehicles per day. Nearby retailers include: Safeway, Sam's Club, Ross, Burlington Coat Factory, Kohl's, Dollar Tree, Verizon, O'Reilly Auto Parts and Bubba's Car Wash. In addition to the retail presence surrounding the subject property, there is also a densely populated and established residential community with a one mile population totaling 20,066 people and a three mile population totaling 152,188 people.