FIDDYMENT RANCH ROSEVILLE, CALIFORNIA. Land Available for Sale ±5.30 Acre Lot $1,847,000 Zoned Community Commercial
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1 Land Available for Sale ±5.30 Acre Lot $1,847,000 Zoned Community Commercial GARY GALLELLI President Managing Director L # Gary@GallelliRE.com MICKEY TURPEN Senior Vice President Investment Group L # Mick@GallelliRE.com PAT RONAN Assistant Vice President Investment Group L # Pat@GallelliRE.com
2 EXECUTIVE SUMMARY Located at Planned Signalized Intersection. The parcel is located at an intersection of a six lane arterial and a four lane collector road. Sole Retail Pad at Intersection. The parcel is the sole retail parcel at the intersection. Ideal for Multiple Users. The site can accommodate a range of tenants, from a drug store to a car wash. In the Path of Growth. The parcel is located in the last available path of growth for the City of Roseville. THE OPPORTUNITY Limited Retail Development. This represents the opportunity to own one of only eleven parcels within the specific plan zoned Community Commercial. Affluent Demographics. The City of Roseville s Median Household Income (2016 Census) was $81,460, more than 30% greater than the State average. Placer County is home to 16% of all jobs in the Sacramento MSA (Pitney Bowes; CA Employment Development Dept). Exploding Growth. Roseville s population has surpassed 135,000 residents (2017). (CA Dept of Finance) - Annual growth rate of 3.2% (twice the State s average) - Planned 13,400 new residential units - Expected addition of 55,457 residents to Placer County in the next 10 years (CA Dept of Finance) LOT SIZE ±5.30 Acres ZONING (CC) Community Commercial Leading Edge of Development. Purchasing this parcel today allows a developer maximum flexibility in the recruitment of retailers. GALLELLI REAL ESTATE P 2 PAGE 2
3 FIDDYMENT RD 4 2 BLUE OAKS BLVD HAYDEN PKWY 1 3 FUTURE DEVELOPMENTS 1. Subject Property 2. Dedicated Open Space 3. Future Sports Complex 4. Future High School GALLELLI REAL ESTATE P 3
4 CALIFORNIA CALIFORNIA PROPERTY LOCATION INTERSTATE 80 Existing Density. A 235-home upscale housing development is located directly across the street. Immediately adjacent to the south of the property is a newly constructed 156-unit apartment community. West of the property is a Pulte development that has nearly sold out its 107 homes. 65 BLUE OAKS BLVD HAYDEN PKWY FIDDYMENT RD Future Density. A planned High School is located just ½ mile south of the site. An additional 3,000 residential units are planned for the land to the west of the site, with Blue Oaks Boulevard to act as a primary east/west arterial. North of the site are several planned residential developments including low, medium, and high densities. Sole Retail Parcel at Intersection. Upon build-out, this site will be the only retail parcel at the 4-way intersection of Blue Oaks Boulevard and Hayden Parkway (both 6 lane arterials). The other 3 corners are existing homes, and designated open spaces. UPON BUILD-OUT The only retail parcel at the 4-way intersection of Blue Oaks Boulevard and Hayden Parkway GALLELLI REAL ESTATE P 4
5 FR FR GALLELLI REAL ESTATE P 5
6 MARKET INFORMATION Strong Retail Submarket: Roseville is the largest submarket in the Sacramento MSA and posted over 101,000 square feet of net absorption in Q Low Vacancy Rates: Roseville s Retail Submarket vacancy has returned to its pre-recession lows - retail vacancy currently stands at 6.9% Forecast: - New construction is expected to increase but remain below historical levels - Job growth is anticipated to be 2.5% in the MSA for Retail lease rates will continue to rise - Vacancy rates are expected to continue to decline West Roseville: This portion of Roseville includes 7 specific planning areas that will eventually total ±29,000 housing units on ±8,400 acres; it will also include a mix of commercial and industrial uses along with more parks, schools and open space. SALE PRICE $1,847,000 ACRES ±5.30 Acres APN ZONING LOCATION CC (Commercial) Southwest corner of Blue Oaks Blvd & Hayden Pkwy GALLELLI REAL ESTATE 3005 Douglas Blvd #200 Roseville, CA GALLELLI REAL ESTATE P 6
7 GALLELLI REAL ESTATE P 7
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PROPERTY HIGHLIGHTS LOCATION NOTABLE TENANTS IN CLOSE PROXIMITY SIZE ±27,250 AVAILABILITY Southeast corner Washington Boulevard & Blue Oaks Boulevard at Highway 65 Roseville, CA Walmart Supercenter, Sam
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PROPERTY HIGHLIGHTS LOCATION NOTABLE TENANTS IN CLOSE PROXIMITY SIZE ±27,250 AVAILABILITY Southeast corner Washington Boulevard & Blue Oaks Boulevard at Highway 65 Roseville, CA Walmart Supercenter, Sam
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