folsom cornersprairie city road is one of the main arterials folsom residents use to access highway...

1750-1760 Prairie City Road | Folsom, California

FOLSOM CORNERS

• $5,750,000

• 6.65% actual cap rate.

• Folsom retail submarket vacancy rate is one of the lowest in the region.

• One of the most desirable commercial and residential submarkets.

• Excellent visibility and frontage along very busy 4-lane Prairie City Road.

• Intels ±1.28 Million SF regional headquarters within walking distance.

±20,099 SQUARE FOOT SHOPPING CENTER

• 6.65% actual cap rate.

• 8.00% Year 2 stabilized yield.

• Year 2 cash on cash of 10.21%.

• Folsom retail submarket vacancy of 6.7%; one of the lowest submarket vacancy rates in the region.

• Folsom is one of the most desirable commercial and residential submarkets in the Sacramento Region.

• Excellent visibility and frontage along very busy 4-lane Prairie City Road.

• Intels ±1.28 million-square-foot regional headquarters is within walking distance to the subject property.

Investment Highlights

Radius 1-MILE 3-MILES 5-MILES

TOTAL POPULATION

12,563 60,319 136,742

AVGHOUSEHOLD INCOME

$117,434 $94,312 $96,067

Demographics 2016, Pitney Bowes

Folsom is one of the most desirable commercial and residential submarkets in the Sacramento Region.

Property HighlightsFolsom Corners is located at the busy intersection of Prairie City Road and Willard Drive. The property is within a mature area surrounded by a mix of residential, retail and commercial property uses. The Folsom retail market is one of the mostdesirable submarkets in the Sacramento MSA. With its prosperous demographics and dynamic population growth, Folsom has been one of the region’s fastest growing cities in Sacramento County. It is anticipated that Folsom will continue to be a leading submarket during the next economic expansion.

• Population in Folsom grew by 51.35% between 2000 and 2017, an average annual growth rate of 2.23%.

• Excellent visibility along Prairie City Road.

• Located within close proximity to Highway 50.

• Folsom is one of the most desirable commercial and residential submarkets in the Sacramento region due to its strong demographics and high quality of life

• Prairie City Road has an on/off ramp to and from Highway 50 and runs south of Highway 50 to White Rock Road and north of Highway 50 to Blue Ravine Road where it turns into Sibley Street. Prairie City Road is one of the main arterials Folsom residents use to access Highway 50.

• Large daytime population with over 18,000 employees within a 1 mile radius of Folsom Corners.

• Located adjacent to a Safeway anchored shopping center. This Safeway is one of the only grocery stores with quick access to Highway 50 and sees $22.3 million in total annual sales volume ($430,000/week).

• Affluent demographics: 2016 population of 12,563 people within a one-mile radius; 60,319 people within a three-mile radius; and 136,742 within a five-mile radius.

• 2016 median household income: $117,434 within a one-mile radius; $94,312 within three-mile radius; $96,067 within a five-mile radius.

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Elkhorn Rd.Elkhorn Blvd.

Del Paso Rd.

Winding Way

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Fair Oaks Blvd.

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Sunset Blvd.

Newcastle Hwy.

Taylor Road

ROSEVILLE

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Marysville

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ExecutiveAirport

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folsom cornersprairie city road is one of the main arterials folsom residents use to access highway...

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