Recently Closed - Cracker Barrel
Supreme 1-80 visibility (125K VPD) for this below market rent 10-year NNN ground lease, with strong sales reported by tenant. This is an absolutely dominant retail location: arguably the best intersection off 1-80 in the Sacramento region, home to Bass Pro Shops, Walmart, Target, and virtually every other category-leading retail and restaurant tenant.
Price:
$4,023,000
Cap Rate:
5.25%
NOI:
$211,200
Category:
Single Tenant Retail
Location:
Rocklin, CA (Sacramento MSA)
Building Size (SF):
9,170 (Est.)
Lot Size (Acres)
2.14
Built:
2019
Highlight
Huge lot size contributes to desirability of this investment: the 2.14 acre lot has attractive ground rent of just $98/acre. This creates ample parking today, and good fundamentals for the long-term future of the real estate.
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