FoodMaxx
3860 Florin Rd,
Sacramento, CA 95823
STNL Grocery Opportunity | 20+ Years Operating History
7.00%
CAP RATE
67,750
Building SF
$822,804
Current Rent
5.95
Land Acres
NN
Lease Type
1973
Year Built
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7.00%
CAP RATE
67,750
Building SF
$822,804
Current Rent
5.95
Land Acres
NN
Lease Type
1973
Year Built
INVESTMENT OVERVIEW
Essential CRE is pleased to present the opportunity to acquire the fee simple interest in Foodmaxx located at 3860 Florin Road in Sacramento, CA. The subject property is the anchor tenant in the River Oaks Shopping Center, occupies 67,750 square feet, and resides on 5.95 acres. FoodMaxx has three and half years remaining on an NN lease with two, 5-year options and has operated on-site since March, 2003 demonstrating the strength of this location.
INVESTMENT HIGHLIGHTS
Anchor Space Grocer Offering in Sacramento CA, Attractive Consumer Demographics in Major NorCal Market
Strong Operator Parent Company Lucky Stores, Save Mart Companies; 54 FoodMaxx Locations
Three and Half Years Remaining with Two, 5-Year Options; New Roof Recently Installed, NN Lease Structure
Strategically Positioned on Highly-Trafficked Florin Rd, 40,749 Vehicles Per Day; Exposure & Visibility, Convenient Access to Hwy 99
MARKET OVERVIEW
Sacramento, the capital city of California, is located at the confluence of the Sacramento and American Rivers in the northern part of California's Central Valley. Sacramento has a rich history dating back to its founding in 1848. It played a significant role during the California Gold Rush and became the state capital in 1854. The economy of Sacramento is diverse, with major sectors including government, education, healthcare, and technology. The city is home to numerous state agencies and departments, as well as several universities and colleges. As the state capital, Sacramento is a hub for political activity and public administration. It is also an educational center, home to institutions like California State University, Sacramento, and the University of California, Davis. The city is served by Sacramento International Airport and has a comprehensive public transportation system, including buses and light rail. It is also a key transportation hub for Northern California, with major highways and railroads passing through the area.
FOR MORE DETAILS CONTACT
Michael Cisternino
Managing Principal
(925) 388-0888
michael@essentialcre.com
CA 01708023, NV 1002492, ID PR59295
Nick Cole
Vice President of Investments
(925) 482-7044
nick@essentialcre.com
CA 01977282
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