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Shops at Campus Oaks, Roseville, CA

Shops at Campus Oaks

Roseville, California

Price $8,428,000
Cap Rate 5.00%
NOI $421,380
Lease Term Various
Lease Type Net Leases, With Tenants Responsible For All Taxes, Insurance, And Maintenance, Excluding Roof And Structure
Rental Increases Various
Year Built 2021 (Under Construction)
Building Size 10,000 SF
Lot Size 1.53 Acres (66,516 SF)
Status Available
Lead Broker Information Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

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

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

Investment Highlights

100% LEASED MULTI-TENANT RETAIL-ASSET WITH SCHEDULED RENTAL INCREASES
» 100% leased multi-tenant retail asset featuring strong corporate and regional tenants
» Multi-tenant asset allows for investment diversification
» Scheduled rental increases for all tenants, providing a hedge against inflation
» Complimentary mix of “Amazon-proof” retailers

LOCATED IN A DENSELY POPULATED, EXTREMELY AFFLUENT, AND GROWING CALIFORNIA CORRIDOR
» Near the signalized intersection of Blue Oaks Boulevard (59,486 AADT) and Roseville Parkway, with cross access from Woodcreek Oaks Boulevard (20,060 AADT)
» Beneficial proximity to highly trafficked California thoroughfares, including State Route 65/Roseville Bypass (76,800 AADT)
» Average annual household income of $161,715 within one mile of the location
» Population of 181,506 within a five-mile radius of the location, creating an extremely large customer base for the site
» Projected 15 percent average annual household income increase within one-mile of the site in the next five years, poising Shops at Campus Oaks and Roseville for concurrent growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS AND RETAILERS IN CAMPUS OAKS TOWN CENTER
» Located within Campus Oaks Town Center, a new 38-acre retail development anchored by Nugget Markets
» Within five miles of nine major shopping centers (combined 4.4 million SF of retail space and 498 stores), promoting crossover shopping to the location
» Minutes from the Fiddyment Farm master-planned community (±5,195 new homes)
» Surrounded by a multitude of offices and distribution centers such as Sutter, Cokeva, PRIDE Industries, and the Hewlett Packard campus
» Beneficial proximity to the Roseville Parkway extension project, which is expected to increase the average daily traffic count at the parcel intersection to 89,500 AADT



Property Description

Visibility to the property is increased by the site’s centralized location in a densely populated, extremely affluent, and growing retail corridor. The site has a hard-corner parcel location at the signalized four-way intersection of Blue Oaks Boulevard and Woodcreek Oaks Boulevard (79,546 AADT). The location benefits from its proximity to highly trafficked California thoroughfares, including State Route 65/Roseville Bypass (76,800 AADT). 181,506 residents live within a five-mile radius of the location, establishing an extremely large regular customer base for the site. The property also resides in a robustly affluent area, with an average annual household income of $161,715 within one mile of the location. The site is located in an area that is experiencing rapid growth, with a projected 15 percent average annual household income increase within one-mile of the site in the next five years.

The property has an infill location surrounded by a strong mix of national retailers and tenants. The site is located within Campus Oaks Town Center, a new 38-acre retail development anchored by Nugget Markets. The site also resides within five miles of nine major shopping centers (combined 4.4 million SF of retail space and 498 stores), promoting crossover shopping to the location. The property maintains a beneficial location minutes from the Fiddyment Farm master-planned community, which upon completion will feature ±5,195 new homes. The location is also surrounded by a multitude of offices and distribution centers such as Sutter, Cokeva, PRIDE Industries, and the Hewlett Packard campus. The site maintains a close proximity to the ongoing Roseville Parkway extension project, which is expected to increase the average daily traffic count at the parcel intersection to 89,500 AADT.

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