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Cameron Park Retail Center, Cameron Park, CA

Cameron Park Retail Center

Cameron Park, CA

Price $2,898,000
Cap Rate 5.50%
NOI $159,384
Lease Term Various
Lease Type Net Lease
Rental Increases Various
Year Built 2003
Building Size 5,600 SF
Lot Size 0.601 Acres (26,179.56 SF)
Status Available
Lead Broker Information Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

100% LEASED MULTI-TENANT RETAIL CENTER
» 100% leased multi-tenant asset providing investment diversification
» New net leases featuring “Amazon proof” tenants
» Scheduled rental increases for all leases, providing a hedge against inflation

HIGH-VISIBILITY LOCATION WITH ACCESS TO OVER 71K VPD
» Easily accessible location along Coach Lane near Cameron Park Drive (25,550 AADT)
» Located within Sam’s Town Marketplace shopping center anchored by Fork Lift by Nugget Markets with adjacent well-known tenants such as Starbucks and Applebee’s
» Strategic location with excellent freeway visibility and easy access to/from Highway 50/El Dorado Freeway (71,000 vehicles per day)

STRATEGICALLY LOCATED NEAR SCHOOLS, AREA ATTRACTIONS, AND COMMUNITY HUBS
» Beneficial proximity to area attractions such as Folsom Lake State Recreation Area (two million annual visitors), Folsom City Zoo Sanctuary (over 100,000 annual visitors), and Red Hawk Casino (features over 2,500 slot machines, 60 table games, five restaurants, and three bars), increasing traffic to the area
» Close to well-attended schools, including Ponderosa High School (1,865 students), Camerado Springs Middle School (595 students), and Blue Oak Elementary School (457 students)
» Less than 30 minutes from Folsom Lake College (7,081 students, 400+ employees) and California State University, Sacramento (31,588 students, 3,318 employees)
» 12 miles from Intel Corporation (6,000 employees) and Mercy Hospital of Folsom (106 beds, 732 employees)

CENTRAL LOCATION IN AN AFFLUENT CALIFORNIA CITY
» Surrounded by many single and multi-family housing developments – Highland Apartments (64 units) and Cambridge Garden Apartments (61 units)
» Population of 51,671 within a five-mile radius, providing a stable customer base
» High average annual household income of $140,170 within five miles (projected to increase 14% by 2026)
» Gateway to Downtown Sacramento, the state capital and sixth-largest city in California with 524,943 residents (15.3 million annual visitors)



Property Description

Cameron Park Retail Center is located along Coach Lane near Cameron Park Drive (25,550 AADT). The property is within the Sam’s Town Marketplace shopping center anchored by Fork Lift by Nugget Markets, with adjacent well-known tenants such as Starbucks and Applebee’s. The site is in a strategic location with excellent freeway visibility and easy access to/from Highway 50/El Dorado Freeway (71,000 AADT). The property is close to well-attended schools including Ponderosa High School (1,865 students), Camerado Springs Middle School (595 students), and Blue Oak Elementary School (457 students). The property is also less than 30 minutes from Folsom Lake College (7,081 students, 400+ employees) and California State University, Sacramento (31,588 students, 3,318 employees). The site is 12 miles from Intel Corporation (6,000 employees) and Mercy Hospital of Folsom (106 beds, 732 employees).

The property maintains beneficial proximity to area attractions such as Folsom Lake State Recreation Area (two million annual visitors), Folsom City Zoo Sanctuary (over 100,000 annual visitors), and Red Hawk Casino (features over 2,500 slot machines, 60 table games, five restaurants, and three bars), increasing traffic to the area. The site is immediately surrounded by many single and multi-family housing developments, including Highland Apartments (64 units) and Cambridge Garden Apartments (61 units). 51,671 residents live within a five-mile radius, providing a stable customer base for the site. The area is poised for growth with an average annual household income of $140,170 within five miles and is projected to increase 14 percent by 2026. The location is a gateway to Downtown Sacramento, the state capital and sixth-largest city in California with 524,943 residents (15.3 million annual visitors).

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