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31236318
31236317

500 Cirby Way, Roseville, CA 95678 For Sale

Jahnrich Commercial Real
Listed by Jahnrich Commercial Real
$3,215,000
516 days on market
Updated 92 days ago

7-Eleven Anchored Strip Center

Details
APN 472-270-044-000
Property Type Retail
Sub Type Convenience Store, Storefront (+1)
Square Footage 13,680
Units 7
Cap Rate 6.27%
NOI $221,620
Occupancy 100%
Tenancy Multi
Brand/Tenant 7-Eleven
Lease Type Modified
Price per SqFt $235
Year Built 1979
Buildings 1
Stories 1
Acreage 1.300
Zoning Commercial
Investment Type Stabilized
Ground Lease No

About This Property for Sale

Marketing description

Rosedale Plaza, located at 500 Cirby Way, Roseville, California 95678, is a 13,680 square foot strip center with five service-based tenants. Situated at the intersection of Cirby Way and Riverside Boulevard, the center benefits from being in a high traffic location, with easy access to Interstate 80. The anchor tenant, a 7-11, has been there for over 30 years and outperforms other stores in the region due to this advantageous location. Nearby major establishments include Kaiser Permanente Roseville Medical Center. The demographic profile of Roseville shows a population of approximately 160,000 with a significant portion aged 25- 54, a median household income of over $117,000, and over 40% of residents holding a bachelor's degree or higher. Consumer spending in the area is notably high, particularly in sectors like healthcare, food services, and general merchandise, which aligns with the local economic stability and consumer base.

Investment highlights

  • Fully stabilized, 100% leased strip center
  • Across the street from Kaiser Medical
  • Anchored by 7-11 which has occupied the building for more than 30 years
  • High traffic counts
  • Located directly off Interstate 80 and Riverside Avenue
  • Retail spending is particularly high, with Roseville ranking thirteenth in California for retail sales, supported by large retail centers and shopping opportunities.
  • Approximately 44.3% of the population holds a bachelor's degree or higher, suggesting a well-educated workforce.
  • The median household income is approximately $117,000, which reflects a 9.36% growth from 2021 to 2022, indicating a robust economic environment.
  • Roseville's strategic location, with Interstate 80 running through it and State Route 65 on its northern edge, enhances its appeal for both residents and businesses.

Listing Contacts

Jahnrich Commercial Real
Listed by Jahnrich Commercial Real

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$221,620.00
$18,468.33/mo

Valuation Metrics

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DSCR
6.89%
Cap Rate
6.89%
ROI

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