Yuba City, CA Retail $4.8M Direct to Owner – 100% Off-Market!


SHADOW ANCHORED NEIGHBORHOOD SHOPPING

CENTER:LIMITED COMPETITION IN STRONG

NORTHERN CALIFORNIA MARKET & LEASING UPSIDE

 

520 Bogue Road, Yuba City, CA 95991

$4.8M

Beautifully constructed strip center that was built in 2006 and shadow-anchored by a 10,000 SF Tower Market. Located at the southwest corner of Golden Highway and Bogue Road, the subject property services a dense residential population in the southeast quadrant of Yuba City. This sale represents a rare Northern California acquisition opportunity with stable cash-flow and upside opportunity through lease up.

INVESTMENT HIGHLIGHTS:

Center is 79% leased with branded tenants including Tower Market (NAP), Starbucks, Quiznos Subs, Straw Hat Pizza and Sierra Central Credit Union. Tower Market is subsidiary of Tower Energy Group, which includes 60 neighborhood grocery, gas and convenience stores in Northern California. Upside through leasing of vacancies brings return to an estimated 14% cash on cash
return. Includes a 0.53 acre “shovel-ready” developable pad at visible and accessible corner
of property. Very attractive, 2006 construction offers tremendous curb appeal

 

  •  At signalized intersection with outstanding ingress/egress.
  • Dedicated left hand turn lanes into the property off Bogue Road
  •  ‘Retail Oasis’ location and limited retail competition in the area
  •  Sierra Credit Union recently renewed at contractual lease rate

LEASE HIGHLIGHTS:

  •  Triple net leases
  •  Management and CAM admin pass through on some leases
  •  Staggered lease renewals/expirations
  •  Current Income Monthly- $33,337
  • Current Income Annually $400,042
  • 25,180 total sq.ft.
  • 5,191 sq.ft vacant w/market rent of= $79,492 annually, $6,623 monthly

PURCHASE PRICE. . . . . . . . . . . . . . $5,060,000=Was Reduced to= $4.8M

CAP RATE. . . . . . . . . . . . . . . . . . . . . . 6.84%
TOTAL RENTABLE AREA. . . . . . . . . 25,180 SF
PRICE PER SF. . . . . . . . . . . . . . . . . . . $200.95
VACANT PARCEL. . . . . . . . . . . . . . . 0.53 Acre
WEST STRIP PARCEL. . . . . . . . . . . . 1.01 Acre
EAST STRIP PARCEL. . . . . . . . . . . . . 1.05 Acres
STARBUCKS PAD. . . . . . . . . . . . . . . 0.61 Acre
TOTAL ACREAGE. . . . . . . . . . . . . . . 3.2 Acres
YEAR BUILT. . . . . . . . . . . . . . . . . . . . 2006

Call Greg Wilson 858-386-0949 or greg@fixandflippers.com

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