Retail Strip in the heart of Rocklin, CA
3700 E Midas Ave, Rocklin, CA
$1,295,000
Price
5.58%
Cap Rate
$72,215
NOI
Overview
Description
EXP Commercial is please to exclusively present the Midas Retail Center with is located in the heart of Rocklin, California and conveniently positioned on the busy signalized corner of Midas and the major interior street of Pacific Avenue. Across from the center sits a fully approved 204 unit apartment project awaiting construction which should further increase traffic to the site and it's tenants. Anchored by E-Z Stop convenience store the center has long term tenants in all of it's units with the additional benefit of having several of them expand into other units as those have come vacant in the past.
Standard Retail Strip on the corner of Midas & Pacific in Rocklin, CA
A portion of the property is leased on a long term 20 year land lease (and has been for over 40 years) to Union Pacific Railroad.