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34585995
34585994

2 Locations For Sale

BP
CA CA 01447547, ID ID BR56158
Pavey Commercial Real Estate
Listed by Pavey Commercial Real Estate
$24,746,000
1 day on market
Updated 1 day ago

Folsom Square

Details
Property Type Retail
Sub Type Grocery Store, Restaurant (+1)
Square Footage 45,453
Cap Rate 6.00%
NOI $1,484,742
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $544
Acreage 7.750
Investment Type Stabilized
Ground Lease No

Irreplaceable Shadow Anchored Shopping Center

Marketing description

Folsom Square presents an exceptional retail investment opportunity to own a stable high performing shadow anchored shopping center in one of California's premium markets.

This center is located at the Northwest corner of East Bidwell Street and Blue Ravine Road in the heart of Folsom's primary commercial corridor consisting of approximately 45,453 square feet situated on ±7.75 acres. The property is currently 100% leased and benefits from strong co-tenancy and surrounding retail synergy. Shadow-anchored by major national retailers including Target, Trader Joe's, Crunch Fitness, HomeGoods, Lowe's Home Improvement, and Les Schwab Tire Center, all of which are not part of the offering. Folsom Square has remained at high occupancy through decades of both strong and soft economic cycles representing the robustness of the asset.

Located approximately five minutes from US Highway 50, the center offers excellent regional accessibility and strong visibility, making it an attractive destination for both tenants and consumers.

Strong consumer traffic and established tenancy continue to support the center's long-term stability and performance of family-oriented consumer spending.

Folsom Square represents a stable and attractive investment opportunity making this an ideal long-term asset purchase in an exceptional California market.

Investment highlights

  • Folsom Square presents an exceptional retail investment opportunity to own a stable high performing shadow anchored shopping center in one of California's premium markets.
  • Located at the Northwest corner of East Bidwell Street and Blue Ravine Road in the heart of Folsom's primary commercial corridor.
  • Shadow-anchored by major national retailers including Target, Trader Joe's, Crunch Fitness, HomeGoods, Lowe's Home Improvement, and Les Schwab Tire Center, all of which are not part of the offering.
  • The 100% leased project features a complementary national and regional tenant mix that serves local residents, office users, and regional shoppers and has remained at high occupancy through decades of both strong and soft economic cycles representing the robustness of the asset.
  • Originally constructed in the early 1990s, the center has undergone extensive renovations, including replacing roofs and HVACs, updated landscaping, modernized building facades, and parking lot improvements.
  • Located approximately five minutes from US Highway 50, the center offers excellent regional accessibility and strong visibility, making it an attractive destination for both tenants and consumers. Strong consumer traffic and established tenancy continue to support the center's long-term stability and performance of family-oriented consumer spending.
  • Folsom Square represents a stable and attractive investment opportunity making this an ideal long-term asset purchase in an exceptional California market.

Listing Contacts

BP
CA CA 01447547, ID ID BR56158
Pavey Commercial Real Estate
Listed by Pavey Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,484,742.00
$123,728.50/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Brian Pavey
License
CA 01447547
Brokerage
Pavey Commercial Real Estate
Brokerage Phone
2087041800
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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