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Price Upon Req.64,913 SF
***Property tours are available by appointment. Please reach out to directly to Graham Clemons to coordinate.***This 64,913 SF Neighborhood Center is located on the corner of Auburn Blvd and Garfield Ave in Sacramento, CA. This center provides high visibility to Auburn Blvd which is one of Sacramento's most historic and traveled thoroughfares. The property is a quality constructed retail center comprised with an Anchor Vacancy of 34,441 sf (formerly occupied by SaveMart) with O'Reilly Auto Parts and Harbor Freight Hardware as the junior anchor tenants. There are two existing pad buildings fronting Auburn Blvd, with the potential to add one or two Buildable Pad Sites.
This is a six Story retail/office/ residential building with +/- 58,000 sq. ft. It fronts K Street and has excellent visibility. The building has a classic exterior with good ceiling heights. Not only does it front K St it backs up to an alley for easy loading and unloading. This is a real opportunity to capitalize on all of the new excitement which is happening in Downtown Sacramento. The Arena Project is just 2 blocks away, the new mixed use retail- residential project by D&S development is right next door. The property is currently subdivided into 12 retail/office/residential condos, with 2 on each floor. You may purchase or lease an individual Condo, an entire floor, or the entire building. The cost per square foot is: $130 to $280.
The subject property is a recently re-developed (2014) 18,510-square foot multi-tenant retail center located in Sacramento, California. More specifically, the property is part of a larger redeveloped retail corner referred to as Mueller Corner Shopping Center . Mueller Corner is home to a newly constructed CVS Ground Lease (can be purchase with the subject property for $5,375,000) and a McDonald' s Ground Lease (not part of the offering). The McDonald' s Ground Lease sold in December 2015 at a 3.50% Cap Rate. The multi-tenant retail center (subject property) is currently 83% occupied. The list price includes a 2-year Seller Rent Guarantee up to 100% occupancy including a CAM reimbursements guarantee for the vacancy (please request separate package for CVS Ground Lease).
The subject property is a newly developed 15,000-square foot CVS Pharmacy with a drive thru ground lease located in Sacramento, California. There are 23+years remaining on the absolute triple-net (NNN) corporate guaranteed ground lease (no landlord responsibilities) including eight 5-year options to extend. The ground lease includes 5% rental increases at each option period. CVS Health Corporation has annual revenues exceeding $139 billion (2014) and a net worth in excess of $37.12 billion (Q2 2015). The CVS can be purchase separately or in conjunction with fee simple ownership of the multi-tenant retail shopping center located directly behind the CVS property (2654 Marconi Avenue). The list price for the CVS ground lease is $5,375,000 at a 4.00% Cap Rate. The list price for the multi-tenant retail property is $6,500,000 at a 6.03% Cap Rate (Combined Purchase Price $11,875,000). The multi-tenant retail center is currently 83% occupied. The list price includes a 2-year Seller Rent Guarantee up to 100% occupancy including a CAM reimbursements guarantee for the vacancy (please request separate package for 2654 Marconi Avenue).
The site is located just off of Interstate 80 on El Camino Avenue. The available Land is the first site you see as you are exiting the Freeway. There are no medians to prevent traffic from the opposite side of the street. Ideal site for a Gas Station, Carwash or Used Car Dealership.
Nice Investment property on Gerber road, on almost 1/2 acre lot which is all cemented. The property is currently zoned Residential, and located in a mostly commercial area, and which can be easily changed to Commercial and sell for profit. Seller has done lots of upgrades and addition to the property with permits. Home is 1,282 sq ft. Home has been upgraded with all granite floor. Home has 3 Bd. Living Room, Kitchen and 1 bath. Exterior of Home is mostly granite. Garage in the Back has 3 Units and 3 Baths. Plus 20 Ft High Garages with an area of 3,481 sf. ft. Comes with 2 units separate A/C. Garage in the back is new construction finished in 2013. Total of 4763 sq. st. on ½ acre all cemented land, Potential to change Zoning to commercial on a very busy main street on Gerber Rd. Per seller property can be re-zoned for commercial use but buyer needs to verify uses and permits with city/county departments. If this gets approved as commercial ,the Home in the front can be used an office, and back Garage used a business. A copy of permits and blueprints available for previously done additions. Tax records still show the old info. Well Water, No Water Bills.
The Farrell's Sacramento building underwent a multi million dollar renovation before opening in 2013. The property was completely refurbished and spared no expense adding a new roof, HVAC, Plumbing, restaurant equipment, etc. Everything in this building is in pristine shape. Farrell's is currently the property tenant, and would consider signing a lease for the premises. While the tenant gross sales can justify paying a market rent, they have been unable to address operational inefficiencies and turn a profit at this location with their current expenses. A potential owner could negotiate an affordable lease once they have a full understanding of the tenant financials. With all the improvements made to this property, the premises should also be highly desirable to a national tenant with minimal tenant improvements, and would make a great owner user location.
Real Estate and Business For Sale REMAX COMMERCIAL is proud to offer an opportunity to own a volume gas station with multiple streams of income, including: Gas and Diesel Sales, Car Wash, C-Store including Lottery sales etc. May have potential for beer and wine sales, which will create additional revenue as well as take out fast-food etc. Great Busy Pad location (Home Depot). Successfully operating on limited hours. Huge potential for growth and expansion for anyone with motivation and experience. This station is an extremely desirable candidate for a major brand Gas Station Conversion. Busy street with traffic counts averaging 30,000 vehicles traveling past daily. Short contractual commitment remaining with Valero. (Drive by only, do not enter the property.) PLEASE CONTACT LJ MISMAS FOR MORE INFORMATION 323-573-4995
501 Arden Way Building: 18,500 +/- sqft Lot Size: 29,969 +/- sqft 503 Arden Way Lot Size: 12,719 +/- sqft Development site with approved plans for 23,000 +/- sqft Retail/Office Building Building Features: " Extensive Remodel in 99 " Open Floor Plan " Showroom " Outdoor Patio " Solar Power Zoning: C2-SP Commercial/Office