Closed Properties

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Retail For Sale

3901 Madison Ave , North Highlands, CA 95660

Overview

Price$2,450,000
Units13
Building Size21,585 SF
Cap Rate6.15%
Total Lot Size1.91 Acres
Year Built1988

Highlights

  • Massive value-add opportunity with five available units, 6,435 SF in total available for lease
  • High traffic count on Madison Avenue: 28,000+ ADT
  • Highly visible corner lot on signalized intersection
  • 0.7 Miles from I-80 freeway via Madison Avenue
  • 1.5 Miles from McClellan Sacramento Airport
  • Close proximity to McClellan Park and numerous other business parks
  • Surrounded by dense residential neighborhoods with close proximity to elementary schools and various charter schools
  • 1.8 Miles from American River College with 35,000+ full-time and part-time students, making it one of the largest community colleges in California

Description

NAI Northern California is pleased to present for sale this value-add shopping center in North Highlands, California. A vacancy of 30% allows an investor to quickly create value through the leasing of vacant retail space. 3901 Madison Avenue is frequented by a copious amount of residents and commuters in the surrounding neighborhoods.

Location

The city of North Highlands, located in Sacramento County, is home to numerous commuters employed by Sacramento's fast-growing economy. Madison Avenue is located less than a mile away from the I-80 corridor, making it a very high-traffic-count roadway. Within a mile radius, national chains such as In-N-Out Burger, Chik-fil-A, Denny's, and Starbucks have been drawn in by the high-density neighborhood. North Highlands has an array of destination attractions including the Aerospace Museum of California, an amusement complex with rides and miniature golf, and the Powerhouse Science Center.

Contact Broker

Mike Priolo
Senior Investment Advisor
NAI NorCal

Cell408.439.8875
Office408.471.5824
Fax408.471.5824

Joshua Ballesteros
Investment Advisor
NAI NorCal

Cell209.518.9025
Office415.480.0214
Fax415.226.0360

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