Granite Park Retail
3311 Power Inn Road, Sacramento, CA
$3,380,000
Price
$205,145
NOI
6.1%
Pro Forma Cap Rate
Overview
Description
Granite Park retail is a free standing multi tenant retail building located as part of the Granite Regional Office Park, a 250 acre mixed used project consisting of a 120 acre office park and a 130 acre regional park in the Power Inn Rd. sub-market in Sacramento, California. The subject property was originally developed with restaurant operators to service the existing Granite Park Office Complex consisting of office space leased to over 600,000+sf of private, city and county, and state agency tenants and a heavy commercial base of businesses located in the Power Inn Rd./South Sac sub market with over 3.9m+ sf of office space, 26m+ sf of industrial space and 13m+ sf of retail space. The property, located in an opportunity zone ±1 mile south of Highway 50 on Power Inn Rd.; and ±2 miles to California State University Sacramento. The architecturally upgraded 7,574 sf building w/ drive-thru on a .88 ac corner pad constructed in 2002; and is 100% leased to 3 tenants - all who have occupied the property from 5 to over 15 yrs.
Highlights
- Stabilized Income - 100% occupancy - Essential Retailers
- Opportunity Zone - Potential Capital Gains Tax Benefits
- Future Value Add - existing drive-thru appeals to numerous national & regional FF brands
- Corporate Guaranty - Dunkin Brands Inc. (DNKY)
Documents
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Granite_Park_OM.pdf
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