8895 Greenback Ln
Orangevale, CA 95662
Retail Property For Sale

CORE Commercial is pleased to offer this corporate-guaranteed AutoZone for sale in Orangevale, CA (Sacramento County). This offering provides an investor the rare opportunity to acquire an established and secure investment in Northern CA. The long term lease has approximately 6 years and 8 months of primary term remaining as well as 6, 5 year options to renew. The lease calls for a 10% rental increase in June 2021 with additional 10% increases in each of the 6, 5 year options to follow. The subject property sits as an outparcel to the Cable Park Shopping Center, which is anchored by Grocery Outlet, Ross, Goodwill, CVS and America’s Tire. Additional anchor tenants in the immediate trade area include Walmart and WinCo Foods. AutoZone benefits from convenient access from both east and west bound Greenback Lane traffic as well both north and south bound traffic along Hazel Ave. The next nearest AutoZone from the subject property is approximately 3.5 miles away in the city of Citrus Heights. The freestanding building totals 6,000 SF of improvements and is situated on 1.05 acres. The offering includes two parcels (0.66 acres & 0.39 acres) which not only provide for an abundance of parking, but also present the opportunity for future redevelopment at the property (contact broker to discuss). AutoZone benefits from excellent exposure at the signalized intersection of Greenback Lane and Hazel Ave. Combined traffic counts at the intersection total 91,000 vehicles per day. In addition to the retail presence in the immediate area, there is also a densely populated and established residential community with a population of 14,129 people within a one mile radius. The population within a three mile radius totals 97,352.