$ 3, 1 5 0, 0 0 0 (150/SF) FOR SALE LEASED INVESTMENT Greenback Oaks Shopping Center 8800 & 8820 Greenback Ln, Orangevale CA 95662 Ben Tiner, CCIM 916.999.3900 CAL BRE: 01705584 Tony Wood 916.390.1274 CAL BRE: 00549071 www.tinercommercial.com
Property Information 8800 & 8820 Greenback Ln, Orangevale CA 95662 Property Details 8800 & 8820 Greenback Lane Property Orangevale, CA 95662 Highlights: Located on signalized hard corner of Greenback Ln and Beech Ave High traffic volume Type Center Location Neighborhood Center Greenback Oaks Orangevale, CA Sacramento County Excellent visibility and prominent monument signage along Greenback Lane Abundant parking 90 Surface Spaces; Ratio of 4.29/1,000 Use Code Shopping Plaza Retail & Restaurant Zoning SPA APN 223-0141-032 Land Size ± 1.90 Acres ± 21,000 Square Feet Neighboring Tenants Include: Taco Bell, Mountain Mike s Pizza, WinCo Foods, Bank of America, US Post Office, Denny s, Quiznos, Walgreens and Walmart Supercenter Vacancy - Combined Square Footage: ± 5,895 Square Feet Building SF Sale Price Actual Cap Rate Proforma CAP Rate ± 17,415 SF Multi-Tenant Retail ± 3,400 SF Restaurant $3,150,000 ($150.00/SF) 6.27% Cap 7.48% Proforma Cap* *CAP Rate based on Proforma Net Operating Income of $235,070.34 Tiner Commercial Real Estate Services The information provided while not guaranteed has been secured from sources we deem reliable. However, no warranty or representation expressed or implied is made as to the accuracy of the information contained herein. All information should be verified prior to lease or purchase.
Current Tenancy Schedule Unit(s) Lease Type Lease Area Lease From Lease To Term Tenancy Annual 8800 Multi Tenant Shopping Center Net 3400.00 SF 2/1/2005 8/31/2020 187.00 12.42 59,863.32 Annie's Breakfast From To Annual 9/1/2015 8/31/2017 59,863.32 9/1/2017 8/31/2018 61,634.40 9/1/2018 8/31/2019 63,483.48 9/1/2019 8/31/2020 65,387.88 8820E, 8820F, 8820G Multi Tenant Shopping Center Net 3600.00 SF 12/1/2014 12/31/2017 37.00 2.58 25,920.00 Kaia Fit Orangevale From To Annual 1/1/2017 12/31/2017 25,920.00 Multi Tenant Shopping Center 8820H, 8820I, 8820J 3600.00 SF 1/1/2012 6/30/2022 126.00 5.50 56,160.00 Net Last Tangle From To Annual 5/1/2017 5/31/2018 56,160.00 6/1/2018 6/30/2018 0.00 7/1/2018 6/30/2019 60,480.00 7/1/2019 6/30/2020 62,640.00 7/1/2020 6/30/2021 64,800.00 7/1/2021 6/30/2022 66,960.00 8820K, 8820L, 8820M Multi Tenant Retail Gross 4320.00 SF 9/1/2011 9/30/2021 121.00 5.83 60,652.80 County of Sacramento From To Annual 10/1/2016 9/30/2017 60,652.80 10/1/2017 9/30/2018 63,244.80 10/1/2018 9/30/2019 65,836.80 10/1/2019 9/30/2020 68,428.80 8820A (Vacant) 1760.00 SF 10/1/2020 9/30/2021 71,020.80 8820B (Vacant) 1760.00 SF 8820C (Vacant) 1000.00 SF 8820D (Vacant) 1375.00 SF Current Annual Amount: $ 202,596.12 Proforma Annual Amount: $ 271,946.12 Tiner Commercial Real Estate Services The information provided while not guaranteed has been secured from sources we deem reliable. However, no warranty or representation expressed or implied is made as to the accuracy of the information contained herein. All information should be verified prior to lease or purchase.
Tenancy Tenants: Kaia FIT Orangevale (Suite E/F/G) Size: 3,600 Square Feet The Last Tangle Salon and Spa (Suite H/I/J) Size: 3,600 Square Feet Sacramento Public Library Orangevale Library (Suite K/L/M) Size: 4,320 Square Feet Annie s Breakfast & Steaks (8800) Size: 3,400 Square Feet Suites For Lease: Combined Unit: 5,895 Square Feet Suite A - 1,760 Square Feet Suite B - 1,760 Square Feet Suite C - 1,000 Square Feet Suite D - 1,375 Square Feet Kaia FIT is not your typical gym. They pride themselves as being a team sport where women can be surrounded by each other to help accomplish common goals. Kaia focuses on personal results achieved by working in a team atmosphere. Kaia Fit has multiple locations spreading throughout Northern California and into Nevada. www.kaiafitorangevale.com Annie s Breakfast & Steaks Annie s Breakfast & Steaks is open seven days a week from 5:00AM to 9:00PM serving breakfast, lunch and dinner. Annie s is family owned and operated serving Orangevale for over 17 years. Annie s serves old fashioned down home American style food with large portions in a relaxed, comfortable country setting. www.yelp.com/biz/annies-breakfast-and-steaks-orangevale The Orangevale Library is apart of the Sacramento Public Library system. They have over 34,000 books, 14 Internet & MS Workstations and 1 Early Learning Workstation. Orangevale Library opened their doors in 1912 and is a longtime tenant of Greenback Oaks shopping center. www.saclibrary.org/locations/orangevale The Last Tangle Salon The Last Tangle Salon and Spa is the largest full service salon and spa in the Orangevale area. They offer hair, nail, and skin services as well as massage therapy. For over 15 years, The Last Tangle has provided the highest quality services possible by seasoned professionals while building lasting relationships in the community. www.thelasttanglesalonspa.com
Location Overview Demographics: 1 Mi 2 Mi 3 Mi 2017 Population 14,165 98,992 260,833 2022 Population: 14,935 104,015 274,435 Population Growth 5.44% 5.07% 5.21% 2017Households 5,387 38,870 100,560 Median HH Income $70,852 $71,566 $73,307 Median Home Value $358,923 $365,524 $352,870 Orangevale is located between Interstate 80 and Highway 50. The subject property is located on Greenback Lane, which is a major regional artery through Orangevale. Greenback Oaks is surrounded by single family residents, apartments, office and retail. Orangevale, California is a city in Sacramento County and sits 25 miles northeast of Sacramento. Sacramento County offers a low-cost alternative to major metropolitan areas such as Los Angeles, San Diego, and the Bay Area. There has been a substantial migration in California to the Sacramento region, and with housing prices remaining low this trend is likely to resume. Sacramento provides a high quality of life, including affordable real estate and housing, which makes it easy for companies to attract and retain quality employees. A diverse economy resting on a solid foundation of government employment, a well-educated labor poor, multiple transportation options, reasonable commercial rents, affordable housing and access to a wide variety of cultural and recreational opportunities remain core strengths of the Sacramento area.
Traffic Volume Collection Street Cross Street Traffic Volume Subject Property Greenback Ln Beech Ave 41,485 Hazel Ave Greenback Ln (N) 34,985 Hazel Ave Greenback Ln (S) 33,587 Greenback Ln Hickory Ave 32,949 Subject Property
Retail Area Overview Subject Property The Last Tangle Annie s Breakfast
Site Plan VACANT Suite D The Last Tangle VACANT Suite C VACANT Suite A/B Annie s Breakfast Greenback Lane
Greenback Oaks
Greenback Oaks
Ben Tiner Managing Broker 916.999.3900 ben@tiner.com CAL BRE: 01705584 Tony Wood Managing Partner 916.390.1274 tony@tiner.com CAL BRE: 00549071 www.tinercommercial.com