Ganas Auto Portfolio 3 Properties in Sacramento, CA

RE/MAX is pleased to offer a fee simple interest in the properties located at 2760, 2804 and 2820 Fulton Avenue, in Sacramento, CA. 2820 Fulton comprises a 42,593 s.f. building on approximately 3.76 acres of land, 2760 Fulton Avenue is a 1.21 acre vacant parcel and 2804 Fulton Avenue is a 1.21 acre parcel with a 3,500 sf, two-story building. The overall portfolio comprises 6.32 acres of land with buildings.
Beach Lake Stables LLC has a 10- year lease starting on January 1st, 2021 and ending on December 31st, 2030. The property was subleased to Tricolor Holdings LLC who now has over Five years left on the sublease. Being an absolute NNN lease, the Landlord has virtually no responsibilities under the lease. Tricolor Holdings is a wholly-owned indirect subsidiary of Ganas Holdings, LLC and operates Tricolor Auto Group in Texas and Ganas Auto Group in California, focusing on affordable, credit-building auto loans for underserved markets. Tricolor focuses on the underserved Hispanic market and operates 33 dealerships, with the majority located in Texas and some in California, in El Monte, Inglewood, San Fernando, Riverside, Southgate, Oxnard, Long Beach, Stockton, Sacramento, Santa Ana, Firestone, Ontario, Fresno, Fontana, Bakersfield, San Diego, Bellflower, and Garden Grove.
2820 Fulton Avenue is located in the Fulton Avenue SPA, with a CMU-C subarea and an Auto Commercial (AC) subzone.
2760 Fulton is also located within the Fulton Avenue SPA with a CMU-A subarea. The parcel has a use permit approved by the Planning Commission on April 17, 2023, to allow the expansion of the existing auto sales business on the adjacent property.
2804 Fulton Avenue lies within the Fulton Avenue Special Planning Area (SPA), with a CMU-A subarea and will be delivered vacant. A portion of the land on which this building sits is leased on a month-month basis by Tricolor. Various uses are permitted in this property which could potentially also be converted to auto sales use with a conditional use permit, although the current zoning allows for various auto related and retail uses.
The portfolio of properties benefit from extensive frontage on Fulton Avenue, a primary location for car sales in Sacramento with numerous large new and used car dealerships. Fulton Avenue is also known for its diverse restaurants and businesses. It's a well-established commercial area with a rich history, including its past role on the Pony Express route. The area includes a large number of businesses, including car dealerships, specialty stores, and various other retail and service establishments. The auto dealerships currently on the corridor include Epic Chevrolet, Sacramento Chrysler Dodge Jeep Ram, Jaguar Sacramento, Maserati of Sacramento, Niello BMW and many more.
This is an ideal investment opportunity for an investor to acquire a prime piece of real estate centrally located in Sacramento.