Property Listing No Longer Available for Sale

2707 Sunrise Blvd., Rancho Cordova, CA

Retail for Sale - $2,500,000 - 2,026 Sq. Ft. on 23488 acres

Property Info

  2707 Sunrise Blvd.
  Rancho Cordova CA 95742
UpdatedFebruary 27th, 2016
Building2,026 Sq. Ft.
Land23488 acres

Property Description

Property highlights/features are as follows:

-Single Tenant: Chevron Extra Mile

-Net Operating Income: $182,000

-Absolute NNN ground lease; zero landlord responsibilities

-Brand new 10-year lease w/four, 5-year options

-10% rental increases every 5 years including option periods

-Leading branded fuel retailer w/branded convenience store (plus car wash)

-Signalized Hard Corner Location: The property is positioned w/excellent visibility and high traffic count from the intersection of major thoroughfare/arterial Sunrise Blvd and Trade Center Drive.

Location highlights:

-Location: Benefits from projected average household income of $74,873. Rancho Cordova is the largest employment subcenter in the Sacramento Metropolitan area and attracts over 50,000 commuters.

-High Growth Area: Population has grown over 12% since 2010 and is expected to grow an additional 4% by 2019 within a 3-mile radius of the property.

-Population: Population in excess of 126,000 within a 5-mile radius.

-Rental Increases: Rental increases of 10% every 5 years throughout the primary term and four, 5-year options at 10% increases provide a hedge against inflation.

-Convenient Access: Convenient access to Highway 50 which provides good access to regional shopping and employment centers. Also provides access to Lake Tahoe and central Sierra Nevada to the east.

Home to Over 2,100 Students: Royal High School is located two blocks west of the property.

MINIMUM BID ONLY: $2,500,000