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905 E Bidwell St
Folsom, CA 95630
Sprouts Farmer's Market · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Supermarket
Building Size
31,131 SF
Building Class
B
Year Built
2000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
2.70 AC
Zoning
C-2 - Central Business District
Parking
156 Spaces (3.96 Spaces per 1,000 SF Leased)
Frontage
206’ on E Bidwell

ABOUT 905 E BIDWELL ST , FOLSOM, CA 95630

INVESTMENT HIGHLIGHTS •High Credit Tenancy with Upside – 100% of the current rental income is derived from Sprouts, with an opportunity to increase cash flow through the immediate lease-up of the 8,274 SF adjacent available suite •Strong NOI Growth – Due to the lease-up of the 8,274 SF vacancy and Sprouts’ fixed 10% rent increases every 5 years, the Net Operating Income is projected to increase nearly $281,000 (56%) during an investor’s 10-year hold period, providing an excellent hedge against inflation compared to many “flat” STNL investments •Secure Cash Flow – Sprouts is on a brand new 15-year lease term with three 5-year and one 4-year option to renew •Corporate NNN Lease with Sprouts Farmers Market – Sprouts Farmers Markets (NASDAQ: SFM) is a leading specialty grocery store chain in the US with 256 locations, a market capitalization of $3 billion, and revenue of $4 billion •Highly Affluent Trade Area Demographics – Average Household Income exceeding $91,400, $111,200, and $118,200 on a 1, 3, and 5-mile radius, respectively. More than 15,500, 80,000, and 143,900 people in a 1, 3, and 5-mile radius. •High Visibility, High Traffic Location – Sprouts enjoys excellent access from and line of sight visibility along E. Bidwell Street (±32,063 cars per day). This exposure is optimized by two pylons signs (E. Bidwell Street and Riley Street) •Retail Hub – Located within the retail hub of Folsom with name brand tenants including: Lowe’s, Walmart, Kohl’s, Target, HomeGoods, Trader Joe’s, Raley’s, Dicks, Office Depot, Petco, 24 Hour Fitness, Dollar Tree, Starbucks, Chipotle, Wendy’s, Habit Burger, IHOP, Smashburger and others providing a strong regional and local draw to this intersection

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
071-0690-052
Land Assessment
$3,953,520
Improvements Assessment
$7,803,000
Total Assessment
$11,756,520
  • Listing ID: 9896998

  • Date on Market: 11/7/2017

  • Last Updated:

  • Address: 905 E Bidwell St, Folsom, CA 95630

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