Sacramento, CA - Vacant Medical Center

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 4,325 SF, two-story, vacant medical office property located in Sacramento, California. The property is mainly zoned C-2 - Local Neighborhood Commercial, providing for a wide range of commercial uses. These areas are intended to encourage small scale and large scale commercial districts. The site presents an excellent owner-user or lease-up opportunity in a highly desirable location. The site offers efficient floor plans, an elegant lobby, and easy access to businesses, government buildings, schools, and recreational outdoor activities.

The subject property is strategically located along Stockton Blvd, which averages 26,400 vehicles passing by daily. The asset is a quick a 10-minute drive into downtown Sacramento, making this an ideal, centralized location with easy commutes for both employees and customers. The property benefits from nearby on/off ramp access onto U.S. Highway 50 (260,000 VPD), a major interstate providing direct access to Sacramento and Lake Tahoe. The asset is ideally located within a dense retail corridor with numerous surrounding national/credit tenants including Grocery Outlet, Safeway, Trader Joe’s, Save Mart, Macy’s, Office Depot, among many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Furthermore, the office property is near numerous single-family communities and multi-family complexes including GIO Apartments (213 units), LINQ Midtown (275 units), and others, providing a direct residential or employee base from which the site can draw. The 5-mile trade area is supported by over 425,600 residents and 303,800 daytime employees, with a healthy annual average household income of $106,013.