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Shops to Bel Air Grocery-Anchored Center 1200 Cirby Way 8,200 SF 100% Leased Retail Building Roseville, CA 95661 $5,054,295 CAD ($616.38 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Nationally Ranked Within the Top 20% of Shopping Centers by Placer.ai (19,000+ Centers Surveyed)
- Dense & Affluent Northern California Demographics Featuring 14,000+ Residents and $109K Average Household Income Within a 1-Mile Radius
- Limited Small-Shop Competition Within the Immediate Trade Area, Supporting Tenant Demand and Long-Term Leasing Durability
- Signalized Hard-Corner Location with Combined Traffic Counts of 67,000+ CPD at Sunrise Ave & Cirby Way
- Stable In-Place Cash Flow Supported by Long-Term Historical Tenant Occupancy and a Recent UPS Store 10-Year Lease Extension
- Highly Sought-After Northern California Location in Roseville, CA (Sacramento MSA)
Executive Summary
Lee & Associates is pleased to present the opportunity to acquire the fee simple interest in the Shops to Bel Air Grocery-Anchored Shopping Center located in Roseville, California within the Sacramento MSA. The 8,200 square foot, 100% occupied neighborhood retail center is shadow anchored by Bel Air Grocery and strategically positioned at the signalized hard corner intersection of Sunrise Avenue and Cirby Way, which experiences a combined traffic count of more than 67,000 vehicles per day. Built in 1983 and currently undergoing a center remodel, the property benefits from excellent visibility, multiple points of ingress and egress, and strong long-term historical occupancy. The offering is comprised of a diverse mix of internet-resistant tenants including Peet’s Coffee & Tea, Sourdough & Co., Stallionz Pizza, Diamond Blade Barber Studio, and other daily-needs and service-oriented retailers.
The property features stable in-place cash flow supported by a diversified tenant roster with primarily NNN lease structures and contractual rent increases. The center’s replaceable rents and service-oriented tenancy create a durable retail investment profile within a proven suburban retail corridor. Additionally, ongoing improvements to the shopping center and nearby redevelopment activity are expected to further enhance the retail environment and increase consumer traffic to the property.
Located in one of the Sacramento region’s strongest suburban trade areas, the property is supported by affluent demographics and dense surrounding residential development. Within a one-mile radius, the population exceeds 14,000 residents with average household incomes surpassing $109,000. Roseville is widely recognized as one of Northern California’s premier retail markets, driven by strong population growth, business-friendly infrastructure, and significant regional shopping demand. The property is situated near major retail destinations, healthcare providers, and regional transportation corridors, positioning the asset to benefit from the continued economic and residential expansion occurring throughout the Roseville and greater Sacramento market.
The property features stable in-place cash flow supported by a diversified tenant roster with primarily NNN lease structures and contractual rent increases. The center’s replaceable rents and service-oriented tenancy create a durable retail investment profile within a proven suburban retail corridor. Additionally, ongoing improvements to the shopping center and nearby redevelopment activity are expected to further enhance the retail environment and increase consumer traffic to the property.
Located in one of the Sacramento region’s strongest suburban trade areas, the property is supported by affluent demographics and dense surrounding residential development. Within a one-mile radius, the population exceeds 14,000 residents with average household incomes surpassing $109,000. Roseville is widely recognized as one of Northern California’s premier retail markets, driven by strong population growth, business-friendly infrastructure, and significant regional shopping demand. The property is situated near major retail destinations, healthcare providers, and regional transportation corridors, positioning the asset to benefit from the continued economic and residential expansion occurring throughout the Roseville and greater Sacramento market.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Building Size
8,200 SF
Building Class
C
Year Built/Renovated
1983/2025
Price
$5,054,295 CAD
Price Per SF
$616.38 CAD
Cap Rate
6.75%
NOI
$341,165 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.73 AC
Zoning
C2
Parking
50 Spaces (6.81 Spaces per 1,000 SF Leased)
Frontage
254’ on Cirby Way
Amenities
- Pylon Sign
- Security System
- Signage
- Air Conditioning
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 470-250-020 | Improvements Assessment | $2,165,676 CAD |
| Land Assessment | $721,892 CAD | Total Assessment | $2,887,568 CAD |
Property Taxes
Parcel Number
470-250-020
Land Assessment
$721,892 CAD
Improvements Assessment
$2,165,676 CAD
Total Assessment
$2,887,568 CAD
Contacts
-
Jonathan Selznick -
Ryan Bennett -
Drew Olson -
Jake Neufeld -
Lee & Associates Commercial Real Estate Services
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Shops to Bel Air Grocery-Anchored Center | 1200 Cirby Way
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