390 Bicentennial Circle
Hwy 50 Corridor
390 Bicentennial Cir
Region: Highway 50 Corridor
Use: Retail / Restaurant
Lease or Sale: Sale
Building Size: ±4,745 SF Sale Price: $3,825,108
390 Bicentennial Circle is an attractive one (1) story, 4,745 square foot retail building, anchored by Starbucks (with a drive-thru) and Sourdough & Co., recently constructed on one of the busiest intersections in suburban Sacramento, and is located one minute from US Highway 50 which has more than 98,000 cars per day.
The Property is just minutes from Granite Regional Park (a large business park for the State of California and Sacramento County), the Sacramento Center for Innovation (a 240 acre development project), California State University, Sacramento (with almost 31,000 students), and multiple medical institutions including UC Davis Medical Center. In addition, Sacramento’s most prestigious residential neighborhoods, Sierra Oaks and East Sacramento are just minutes from the Property.
The Property is being offered at $3,825,108 based on a 5.00% cap rate on 2022 net operating income. There is 991 SF of vacancy. At close of escrow, Seller shall credit Buyer $71,202.97, equal to 9 months of base rent, $30 per SF in tenant improvements and a 6% commission on a 60 month lease term.
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Use: Retail / Office / Restaurant
Lease or Sales: Lease
Leasable SF: 1,035 - 7,143 SF
Lease Rate: $1.50 - 3.25 SF/Month
Lot Size: 2.56 acres
Lease or Sales: Lease & Sale
Sale Price: $17,000,000