7420 Sunset Ave | 7.5% Cap Rate

Marcus and Millichap is pleased to present for sale an 8,511-square-foot multi-tenant retail strip center situated on 0.77 acres, along with an additional 0.28 acres of commercial land. Specifically located on one of Fair Oaks' busiest thoroughfares, San Juan Avenue sees more than 21,000 vehicles per day. Constructed in 1959, this property exemplifies pride of ownership, evident through its longstanding successful tenants. Currently, the property is 100% occupied by four tenants on NNN leases, offering investors a stabilized opportunity.
Situated at the signalized corner of San Juan Avenue and Sunset Avenue, this property benefits from a surrounding landscape enriched by residential dwellings, apartment complexes, and numerous national retailers. The population within a three-mile radius exceeds 134,000 and extends to over 357,000 within a five-mile radius. Fair Oaks, California, a serene suburb northeast of Sacramento, blends small-town charm with tree-lined streets, scenic parks, and a close-knit community. Established in 1895 with a population of approximately 30,000 residents, it offers a peaceful residential experience close to the vibrant Sacramento Valley and urban conveniences.
Virk Liquors, Inc is the largest tenant in the center, occupying 28.9% or 4,462 square feet. Their lease commenced in February 2020 and expires in January 2030. CW Tropical, Inc, the second largest tenant, occupies 28.4% or 2,419 square feet and has been a tenant since March 2023, with a lease expiration in May 2028. The most longstanding tenant, Curly’s Cleaners, occupies 25% or 2,130 square feet and has been a tenant since January 1999, with a lease expiration in December 2028. The final tenant, San Juan Club, occupies 17.6% or 1,500 square feet, with their lease commencing in March 2007 and expiring in December 2028.
This property presents an enticing opportunity for investors seeking to acquire a fully stabilized strip center strategically located just steps away from one of Sacramento's main thoroughfares. Additionally, boasting 0.28 acres of commercial land at a prominent signalized corner, this offering is ideal for investors eager to explore development possibilities and unlock the potential of this unused land.