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Shops to Bel Air Grocery-Anchored Center 1079 Sunrise Ave 24,000 SF 100% Leased Retail Building Roseville, CA 95661 $12,807,180 CAD ($533.63 CAD/SF) 6.99% Cap Rate
Investment Highlights
- 100% Occupied Neighborhood Shopping Center – Long-term Operating History and a Diversified Mix of Service-Oriented and Daily-Needs Tenants
- Affluent Demographics & Densely Populated 1-Mile Trade Area – Strong Average Household Incomes and a Substantial Daytime Population Base
- Attractive 7.00% Going-In Cap Rate – Compelling Yield Relative to Comparable Grocery-Anchored Retail Investments in Northern California
- Signalized Hard-Corner Location at Sunrise Avenue and Cirby Way – Combined Traffic Counts of 67,460 Vehicles Per Day
- Long-Term Historical Occupancy and Leasing Performance – Stable In-Place Cash Flow and Long-Term Asset Durability
Executive Summary
Lee & Associates is pleased to present the opportunity to acquire Bel Air Center, a 100% occupied, multi-tenant neighborhood retail center located at 1079 Sunrise Avenue in Roseville, California, within the Sacramento MSA. The 24,220-square-foot shopping center is shadow anchored by Bel Air Grocery and situated on approximately 2.10 acres at the signalized hard corner of Sunrise Avenue and Cirby Way, benefiting from combined traffic counts of more than 67,000 vehicles per day. The property features a diverse mix of internet-resistant tenants including food service, personal care, veterinary, and neighborhood service operators, providing stable in-place cash flow and long-term leasing durability.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Building Size
24,000 SF
Building Class
C
Year Built/Renovated
1983/2025
Price
$12,807,180 CAD
Price Per SF
$533.63 CAD
Cap Rate
6.99%
NOI
$895,589 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
2.10 AC
Zoning
C2
Amenities
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 470-250-015 | Improvements Assessment | $3,577,480 CAD |
| Land Assessment | $2,086,863 CAD | Total Assessment | $5,664,343 CAD |
Property Taxes
Parcel Number
470-250-015
Land Assessment
$2,086,863 CAD
Improvements Assessment
$3,577,480 CAD
Total Assessment
$5,664,343 CAD
Contacts
-
Jonathan Selznick -
Ryan Bennett -
Drew Olson -
Lee & Associates Commercial Real Estate Services
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Shops to Bel Air Grocery-Anchored Center | 1079 Sunrise Ave
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