5874-5880 Antelope Road

Citrus Heights

5874-5880 Antelope Road

Region: Citrus Heights
Use: Retail / Land
Lot Size: 1.57 acres
Lease or Sale: Sale
Building Size: ±8,900 SF
Sale Price: $5,450,000

5874-5880 Antelope Rd (the Subject Property) is an extremely rare opportunity to acquire a 100% leased, true triple-net asset located adjacent to a large anchor retail center consisting of The Home Depot and a Walmart Supercenter. The Subject Property consists of two multi-tenant retail buildings totaling 8,900 rentable square feet and sitting upon a 1.57 acre parcel of land. 5874-5880 Antelope Road historically sees extremely low vacancy rates and boasts strong retail characteristics such as high visibility on a signalized corner intersection, drive-thru capacity, multiple entrances/exits, and generous parking. Located along Antelope Rd at the intersection of Antelope Rd & Daly Avenue, the Subject Property sees over 30,000 cars per day (CoStar 2019 data). Less than 1 mile east along Antelope Rd is direct access to Interstate 80, seeing an average of 210,000 cars per day (2019 Caltrans traffic data).

The Subject Property is home to a strong mix of local and corporate credit retailers, anchored by Starbucks (with a drive-thru) and Jimboy’s Tacos. The Property is 100% leased to six tenants, five of which are original tenants, and is being offered at $5,450,000.00, representing a 5.40% capitalization rate based on 2022 net operating income.

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