Bel Air Grocery-Anchored Shops | Roseville, CA
Top 20% Grocery/Shadow Anchored Shops | 100% Occupied | Strong NorCal Demos
Marketing description
Lee & Associates is pleased to present the opportunity to acquire Bel Air Center, a 100% occupied, multi-tenant neighborhood retail center located at 1079 Sunrise Avenue in Roseville, California, within the Sacramento MSA. The 24,220-square-foot shopping center is shadow anchored by Bel Air Grocery and situated on approximately 2.10 acres at the signalized hard corner of Sunrise Avenue and Cirby Way, benefiting from combined traffic counts of more than 67,000 vehicles per day. The property features a diverse mix of internet-resistant tenants including food service, personal care, veterinary, and neighborhood service operators, providing stable in-place cash flow and long-term leasing durability.
The center is fully leased to eight tenants, including The UPS Store, Sheldon Family Veterinary, Beauty Bungalows, Chicha Peruvian Kitchen & Café, and other established local operators. Most tenants operate under NNN lease structures with contractual rent increases, creating attractive income growth potential while minimizing landlord responsibilities. Recent and ongoing property improvements, including a center remodel and nearby pad redevelopment, further enhance the property's long-term investment profile.
Roseville is one of the Sacramento region’s most affluent and rapidly growing suburban markets, recognized as a dominant retail hub serving a broad trade area. Within one mile of the property, the population exceeds 14,000 residents with average household incomes approaching $110,000. The center benefits from strong consumer spending, dense surrounding residential neighborhoods, and proximity to major retail corridors, healthcare facilities, schools, and regional transportation routes. Supported by Roseville’s expanding population, strong employment base, and Sacramento’s diverse economic drivers, Bel Air Center is well positioned for continued tenant demand and long-term value appreciation.
Investment highlights
- 100% Occupied Neighborhood Shopping Center – Long-term Operating History and a Diversified Mix of Service-Oriented and Daily-Needs Tenants
- Signalized Hard-Corner Location at Sunrise Avenue and Cirby Way – Combined Traffic Counts of 67,460 Vehicles Per Day
- Affluent Demographics & Densely Populated 1-Mile Trade Area – Strong Average Household Incomes and a Substantial Daytime Population Base Driving Consistent Consumer Demand
- Long-Term Historical Occupancy and Leasing Performance – Stable In-Place Cash Flow and Long-Term Asset Durability
- Attractive 7.00% Going-In Cap Rate – Compelling Yield Relative to Comparable Grocery-Anchored Retail Investments in Northern California
- Remodeled in 2025 – Call Broker for Details
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