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PetSmart Center 865 Colusa Ave 30,579 SF 100% Leased Retail Building Yuba City, CA 95991 $18,130,209 CAD ($592.90 CAD/SF) 5.08% Cap Rate
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Be the proud owner of a fully leased strip center, home to PetSmart and Chipotle, with monument signage and abundant parking.
- Positioned at one of Yuba City's busiest intersections, offering excellent visibility and access, with over 94,000 vehicles passing daily.
- Adjacent to the Yuba Sutter Marketplace, featuring major retailers such as Planet Fitness, Hobby Lobby, JCPenney, Target, and Ross Stores.
- PetSmart Center has quick access to Highway 99 and 20, allowing connections to Sacramento in under 45 minutes for outstanding market reach.
EXECUTIVE SUMMARY
PetSmart Center at 865 Colusa Avenue is a rare opportunity to acquire a high-performing asset in one of Yuba City’s most trafficked retail corridors. Encompassing 32,277 square feet, the single-story retail center features a stable tenant mix, including national brands like PetSmart, Chipotle, Pho Cali, and Schools First Federal Credit Union. The center’s tenants appreciate the monument signage and abundant surface parking to welcome consumers and those traveling by.
Highly visible, the PetSmart Center is located off Colusa and Gray Avenue, frequented by over 94,164 vehicles per day. The property shares its lot with popular destinations such as Pizza Twist, TOGO's Sandwiches, Walgreens, O'Reilly Auto Parts, and a Shell gas station, further enhancing daily consumer traffic. In addition, the site neighbors Yuba Sutter Marketplace, offering an extended array of dining, shopping, fitness, and entertainment establishments for shoppers driving around town doing errands.
Just two blocks away from Highway 99, this property has excellent access to the neighborhoods in South Yuba City and even further to Sacramento. In a 10-mile radius of the property, over 52,069 residents are bringing in an average household income of $80,213, contributing to the $1.6 billion in consumer spending. The strategic combination of daily traffic, retail synergy, and strong demographics makes the PetSmart Center a compelling acquisition in Northern California’s retail landscape.
Highly visible, the PetSmart Center is located off Colusa and Gray Avenue, frequented by over 94,164 vehicles per day. The property shares its lot with popular destinations such as Pizza Twist, TOGO's Sandwiches, Walgreens, O'Reilly Auto Parts, and a Shell gas station, further enhancing daily consumer traffic. In addition, the site neighbors Yuba Sutter Marketplace, offering an extended array of dining, shopping, fitness, and entertainment establishments for shoppers driving around town doing errands.
Just two blocks away from Highway 99, this property has excellent access to the neighborhoods in South Yuba City and even further to Sacramento. In a 10-mile radius of the property, over 52,069 residents are bringing in an average household income of $80,213, contributing to the $1.6 billion in consumer spending. The strategic combination of daily traffic, retail synergy, and strong demographics makes the PetSmart Center a compelling acquisition in Northern California’s retail landscape.
MATTERPORT 3D TOURS
Explore 1035 Gray Ave
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
30,579 SF
Building Class
B
Year Built
1973
Price
$18,130,209 CAD
Price Per SF
$592.90 CAD
Cap Rate
5.08%
NOI
$921,307 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.27
Lot Size
2.60 AC
Opportunity Zone
Yes
Zoning
C1
Parking
145 Spaces (7.8 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (73)
ABOUT OUTER SUTTER COUNTY
Outer Sutter County is located approximately 40 miles north of Sacramento, the Golden State’s capital city. Highway access is plentiful, as Highway 99 cuts through the area and State Route 20 places local residents only about 35 miles from Nevada City, one of California’s original Gold Rush towns, and approximately 60 miles from Lake Tahoe, one of the state’s most popular tourist destinations.
Home to around 180,000 residents, recent population growth has outpaced the U.S. average, and that trend is expected to continue over the next five years.
The local populace is served by roughly 4.5 million square feet of retail inventory, only around 100,000 square feet of which has been constructed since 2010. This is one of the reasons vacancies here have historically landed below the national average.
Jobs are heavily concentrated in government and education and health services, with some of the largest employers in this area including Adventist Health, Beale Air Force Base, and Yuba County Health & Human Services.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
17,833
79,000
113,273
157,170
2029 Population
17,667
79,323
115,867
166,798
2024-2029 Projected Population Growth
-0.9%
0.4%
2.3%
6.1%
Median Age
35.7
37.8
36.7
36.8
College Degree + Higher
12%
19%
18%
12%
Daytime Employees
16,747
38,824
42,790
50,523
Total Businesses
2,065
4,690
5,241
6,554
Average Household Income
$59,778
$77,955
$78,585
$80,756
Median Household Income
$45,194
$60,386
$60,474
$63,534
Total Consumer Spending
$162.9M
$833.4M
$1.2B
$1.7B
2024 Households
6,546
27,005
37,684
51,593
Average Home Value
$345,877
$400,648
$393,745
$398,577
$ values in USD
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Chipotle | - | - | In Building |
| McDonald's | - | - | 3 min walk |
| Baskin-robbins | - | - | 2 min walk |
| Cinnabon | Bakery | - | 4 min walk |
| Auntie Anne's | Bakery | - | 4 min walk |
| Jack In The Box | - | - | 5 min walk |
| SONIC | Fast Food | - | 5 min walk |
| Hey Hey Ice Cream | Ice Cream | $ | 5 min walk |
| Panera Bread | - | - | 6 min walk |
| Dunkin' | Cafe | - | 6 min walk |
RETAIL |
||
|---|---|---|
| Five Below | Dollar/Variety/Thrift | 4 min walk |
| Planet Fitness | Fitness | 4 min walk |
| Sephora | Health & Beauty Aids | 4 min walk |
| Boot Barn | Shoes | 4 min walk |
| Shoe Palace | Shoes | 4 min walk |
| Bath & Body Works | Health & Beauty Aids | 4 min walk |
| American Eagle | Unisex Apparel | 4 min walk |
| Jcpenney | Dept Store | 4 min walk |
| Big 5 Sporting Goods | Sporting Goods | 7 min walk |
| CVS Pharmacy | Drug Store | 8 min walk |
HOTELS |
|
|---|---|
| Quality Inn |
82 rooms
2 min drive
|
| Best Western |
91 rooms
3 min drive
|
| Hampton by Hilton |
137 rooms
3 min drive
|
PROPERTY TAXES
| Parcel Number | 51-333-009 | Improvements Assessment | $8,925,021 CAD |
| Land Assessment | $2,758,637 CAD | Total Assessment | $11,683,659 CAD |
PROPERTY TAXES
Parcel Number
51-333-009
Land Assessment
$2,758,637 CAD
Improvements Assessment
$8,925,021 CAD
Total Assessment
$11,683,659 CAD
SALE ADVISOR
SALE ADVISOR
J.R. Shah, Broker Associate
CENTURY 21 Discovery real estate agent Jigar "JR" Shah was the No. 1 Century 21® commercial agent in the United States for 2021. JR is a 30-year veteran of real estate and consistently in the top 1 percent of Century 21 agents in the nation. He specializes in both residential and commercial real estate in California and the Phoenix, Arizona area.
JR has a Masters in Accounting and an MBA in Finance. He is a Certified Negotiation Expert (CNE), a 1031 Tax Deferred Exchange Specialist and a designated Commercial Specialist. JR speaks English, Gujarati and Hindi.
JR belongs to several professional organizations including the Pacific West Association of REALTORS®, California Association of REALTORS® and the National Association of REALTORS®. JR is a member of Pratham which is a network of organizations that promote primary education for disadvantaged children. He is also a member of TiE, a global, non-profit network of entrepreneurs and professionals dedicated to the advancement of entrepreneurship . When JR is not selling real estate his hobbies include tennis, golf and traveling with his wife Rashmi and their family.
JR has a Masters in Accounting and an MBA in Finance. He is a Certified Negotiation Expert (CNE), a 1031 Tax Deferred Exchange Specialist and a designated Commercial Specialist. JR speaks English, Gujarati and Hindi.
JR belongs to several professional organizations including the Pacific West Association of REALTORS®, California Association of REALTORS® and the National Association of REALTORS®. JR is a member of Pratham which is a network of organizations that promote primary education for disadvantaged children. He is also a member of TiE, a global, non-profit network of entrepreneurs and professionals dedicated to the advancement of entrepreneurship . When JR is not selling real estate his hobbies include tennis, golf and traveling with his wife Rashmi and their family.
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PetSmart Center | 865 Colusa Ave
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