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875 E Bidwell St 25,170 SF 4-Star Retail Building Folsom, CA 95630 $7,411,106 ($294.44/SF) 5.15% Cap Rate
Investment Highlights
- Highly visible retail asset located along the heavily traveled E Bidwell Street corridor in Folsom.
- Excellent access to Highway 50 and major Folsom employment centers.
- Strategic location near major retail destinations and community amenities.
- Situated within a strong regional trade area surrounded by national retailers, restaurants, and residential growth.
- Desirable Sacramento-area investment with strong demographic fundamentals.
Executive Summary
Single-tenant net leased Planet Fitness investment secured by a 15-year corporate-guaranteed lease that commenced in 2023. At the time of sale, approximately 12 years of primary lease term remained, providing investors with long-term contractual cash flow. The lease features attractive annual rental escalations of 1.5%, offering built-in income growth throughout the hold period. The property's nationally recognized fitness tenant, strong remaining lease term, and corporate guaranty position the asset as a stable, passive investment opportunity within the Sacramento metropolitan area.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
25,170 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2000
Price
$7,411,106
Price Per SF
$294.44
Cap Rate
5.15%
NOI
$381,672
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
2.13 AC
Zoning
RM-D
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 071-0690-054 | Improvements Assessment | $5,112,899 |
| Land Assessment | $1,804,053 | Total Assessment | $6,916,952 |
Property Taxes
Parcel Number
071-0690-054
Land Assessment
$1,804,053
Improvements Assessment
$5,112,899
Total Assessment
$6,916,952
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Contact the Sale Advisor
875 E Bidwell St