
Bank of America - Rancho Cordova, CA
10607 Folsom Blvd, Rancho Cordova, CA, 95670, US
5,015 平方呎
Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the ground-lease interest in the Safeway Fuel Station (the “Property”) located in Rancho Cordova, CA (Sacramento MSA). The Property is situated within Cordova Village, a neighborhood retail center anchored by a high-performing Safeway store generating nearly $700 per square foot in sales. The Property also benefits from its strategic placement along Folsom Rd (21,800 VPD) next to a regional-draw Walmart, ensuring consistent foot traffic. Located just 10 miles east of downtown Sacramento, Rancho Cordova is one of the fastest growing communities in California.
Safeway Fuel Station’s are located next to Safeway grocery stores and offer gas, diesel, and propane at discounted prices through Safeway’s rewards program. The Tenant operates on an absolute NNN ground lease with a low annual rent of $70,000 and recently executed a five-year lease extension, a testament to Safeway’s commitment to this location.
This offering provides investors with an outstanding opportunity to acquire a premier retail asset with zero landlord obligations and irreplaceable real estate fundamentals in a core California market.