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Property Detail

Auburn Boulevard
6661 Auburn Boulevard is a 16,836-square-foot former Rite Aid with a drive-thru offering .
$600,000

Description

  • 6661 Auburn Boulevard is a 16,836-square-foot former Rite Aid with a drive-thru offering over 70 parking spaces on a 1.76-acre lot.
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  • Retail/ pharmacy user’s prime opportunity or an investor ready to take advantage of the LC zoning, permitting office, mixed-use, residential, etc.
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  • Nearby national tenants include Costco, Walmart Supercenter, Applebee’s, Starbucks, McDonald's, Jack in the Box, Taco Bell and more.
  • Located off Interstate 80 in the beautiful suburb of Citrus Heights, approximately 16 miles from Downtown Sacramento.
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  • At a signalized intersection where traffic counts exceed 41,500 VPD, the building is co-located with long-term tenant 24 Hour Fitness.
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  • There are over 381,000 people with an average household income exceeding $94,500 within a 5-mile radius.

Executive Summary

Marcus and Millichap, as the exclusive advisor, is pleased to present 6661 Auburn Boulevard in Citrus Heights, California, to the market. The subject asset is a 16,836-square-foot freestanding retail storefront set on 1.75 acres in a low-density residential Sacramento exurb. The building was previously occupied by Rite Aid. The well-maintained property is next to 24 Hour Fitness and is located between two nearby retail corridors on a busy street. The single-story building features excellent visibility and monument signage, a double drive-thru lane, and a small rear loading door. Parking is ample, with approximately 73 parking spaces currently configured. LC (Limited Commercial) Zoning permits retail, office, residential, or mixed-use. Located at a signalized intersection, traffic counts exceed 41,500 vehicles per day. The building is co-located with 24 Hour Fitness, a long-term tenant at the site. Residential homes, apartments, senior living, and other retail uses dominate the area. Nearby national tenants include Costco, Walmart Supercenter, Applebee’s, Starbucks, McDonalds, Jack in the Box, Taco Bell, and more.

Citrus Heights is approximately 16 miles northeast of Downtown Sacramento, with a population of about 87,000 people. It is renowned as an attractive destination for families seeking a low cost of living, a relatively mild climate, and outdoor activities. According to CoStar, it features an 8.3 million-square-foot retail submarket with an average asking rent of $1.68 NNN and a vacancy rate of 10.2%. Sunrise Mall, the largest in the area, spans 1.1 million square feet and was rezoned in 2021 for a multi-phase mixed-use development, including residential, office, and hotel, and a reduced retail component of 320,000 square feet. As the project is built over time, it is expected to bring thousands of new jobs and increased tax revenue to the city.

Sacramento is the capital city of California and the seat of Sacramento County. Located at the confluence of the Sacramento River and the American River in the northern portion of California’s Central Valley, it has a population of about 513,000 people within a metropolitan area of about 2.4 million. It has a diverse and dynamic economy driven by various sectors, such as government, education, health care, technology, agriculture, and tourism. Some major employers in Sacramento include the State of California, the University of California Davis, Sutter Health, Intel, and SMUD. Of 6661 Auburn Boulevard’s 5-mile radius, there are over 381,000 people with an average household income exceeding $94,500 within a 5-mile radius.

Property tours are available by appointment only. Please get in touch with the listing broker to schedule.

Former Rite Aid – High Traffic Intersection

Listing ID : 00581

SKU: 581

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Price History

DateEventPrice
December 3 2024Listed$600,000.00