$3,462,824

PRICE REDUCTION!! Island Pacific is the first grocery store in Elk Grove to serve the Asian population. The building was completely renovated in 2015 and the tenant signed a new 10-year NNN lease. The rental rate increases 10% every five years and there are two, 5-year renewal options. This is a perfect investment for a 1031 exchange buyer or cash buyer who is looking for stable income in a growing area. The property is near Kohls, Walgreens, CVS, Rite Aid, 24 Hour Fitness, and other national retailers.

Details
Property Class: Commercial/Industrial
Type: Commercial Property
Listing Status: Active
City: Elk Grove
Area: 9908 - Sacramento County
County: Sacramento
State: CA
Property Sub Type Descr: Commercial Property
Garage: Yes
Parking Total: 73.00
Living Area (SqFt): 13963 sq. ft.
Lot Size Area Sq Feet: 76491.00
Lot Size Area Acres: 1.75599
REO/ Bank Owned: No
REO: N/A
Short Sale: N/A
Listing#: 81498804
Parcel Number: 00
Year Built: 2011
List Date: 8/5/2015
Class: Commercial
Property Subtype: Commercial Property
Approx Lot Size: 1.756
Stories: 1
REO/Bank Owned: No

Community Features: Kitchen, Loading Dock, Refrigeration, Restroom(s), Signage
Garage Style: Off-Street Parking
Present Use: Retail
Cooling: Central Forced Air
Foundation: Reinforced Concrete
Roof: Polyurethane
Utilities Water: Public
Floors: Concrete
Heating: Central Forced Air - Gas
Utilities Sewer: Sewer - Public


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 |  Address:  Elk Grove, California 95624

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