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31438840
31438841

2932 Freeport Blvd, Sacramento, CA 95818

HD
CA 02172964
Sutter Property Group
MC
CA 01907332
Sutter Property Group
Sutter Property Group
Listed by Sutter Property Group
$3,200,000
63 days on market
Updated 63 days ago

Land Park Retail Lifestyle Center

Details
APN 012-0142-019
Property Type Retail
Sub Type Shopping Center
Net Rentable (SqFt) 6,340
Cap Rate 5.60%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 9
Rent Bumps Yes
Lease Options yes
Class A
Year Built 1957
Year Renovated 2018
Buildings 2
Stories 1
Acreage 0.240
Zoning C-2
Parking Spaces spaces
Investment Type Core+

Fully Leased Neighborhood Retail | Core Land Park Location | Long-Term Income Stability

Marketing description

Land Park Retail Lifestyle Center

Fully Leased Neighborhood Retail | Core Land Park Location | Long-Term Income Stability

The Opportunity

Land Park Lifestyle Center presents the opportunity to acquire a fully leased neighborhood retail asset in one of Sacramento’s most established, affluent, and supply-constrained submarkets.

The Property offers long-term income stability, supported by tenants deeply embedded in the surrounding community. With contractual rent escalations and improving expense recoveries, the asset provides predictable current cash flow with measurable NOI growth over the next several years.

This is a core-plus retail investment positioned for investors seeking predictable cash flow in a high-barrier-to-entry location.

Location Overview | Land Park

Land Park is one of the region’s most desirable and affluent neighborhoods. Freeport Boulevard functions the way strong retail corridors are meant to—quietly, consistently, and without interruption, carrying daily neighborhood traffic through one of Sacramento’s most stable residential districts.

The area is defined by tree-lined streets, high homeownership, and limited new retail development, creating natural barriers to entry that protect existing assets.

Nearby anchors including Freeport Bakery, Maries Doughnuts, Taylor’s Market, StepDad’s, William Land Park, the Sacramento Zoo, Fairytale Town, and Sacramento City College reinforce consistent daily demand.

Tenant Profile

Power Pack Fitness

  • Anchor tenant occupying approximately 71% of the center
  • Long-term lease in place through 2035
  • Established local operator serving the surrounding community
  • Power Pack Website

Chocolate Fish Coffee Roasters

The tenant mix delivers consistent traffic, repeat visitation, and stable income.

Demographics (3-Mile Radius)

  • Population: ±155,000
  • Average Household Income: ±$110,000
  • Land Park Avg. Household Income: ±$137,811
  • Curtis Park Avg. Household Income: ±$146,219
  • Median Home Price (2025): ~$730,000
  • High Home Sales: Up to $3,000,000

Transit & Accessibility

  • Prominent frontage along Freeport Blvd (±28,700 AADT)
  • Close proximity to Sutterville Road (±25,456 AADT)
  • Light Rail Weekly Riders: 22,100
  • Strong weekday commuter and neighborhood traffic patterns
  • Access to nearby light rail stations

Investment highlights

Investment Highlights

  • Fully leased, stable income-producing asset
  • Rent escalation-driven NOI growth with market-to-market upside
  • Long-duration, inflation-protected income stream
  • Minimal leasing and rollover risk
  • Strong street presence along Freeport Boulevard
  • Shared frontage reinforcing tenant visibility and synergy

Property Details

  • Address: 2932–2940 Freeport Boulevard, Sacramento, CA
  • Property Type: Neighborhood Lifestyle Center
  • Total Rentable Area: ±6,020 SF
  • Occupancy: 100% Leased
  • Configuration: Two buildings operating as a single center
  • Zoning: C-2 (General Commercial)
  • Year Built: 1957
  • Renovated: 2018

Please reach out to the listing brokers for a copy of the OM and to schedule a tour.

Listing Contacts

HD
CA 02172964
Sutter Property Group
MC
CA 01907332
Sutter Property Group
Sutter Property Group
Listed by Sutter Property Group

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Additional Information

Name
Henry de Vere White
License
02172964
Name
Mark Cordano
License
01907332
Brokerage
Ali Managhebi
Title
VP/Agent
Brokerage Address
1615 S Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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