Patrick Follett | 916.274.4433pf@corecre.com

CA DRE #01796180

$740,000

Owner/User or Investment Opportunity

7400 Madison Avenue, Fair Oaks CA 95628Freestanding Retail Building

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Offering Summary

CORE Commercial is pleased to offer 7400 Madison Avenue in Fair Oaks, CA for sale with an asking price of $740,000 / $201 PSF. The current tenant is Madison Ave Diamonds which is operating on month-to-month tenancy. The property is comprised of 3,680 SF and is situated on a .43 acre parcel per public records.

This offering presents the opportunity for an owner/user or investor to acquire a freestanding building situated on the hard corner of two major thoroughfares. The property has excellent visibility and exposure at the signalized intersection of Madison Avenue and San Juan Avenue. Combined average traffic counts at the intersection are 44,919 vehicles per day. Both Madison and San Juan serve as major thoroughfares connecting to Interstate 80.

There is a high concentration of retail surrounding the subject property, including tenants such as Stanton Optical, McDonald’s, Safe Credit Union, Dutch Brothers Coffee, ARCO and Jimboy’s Tacos. The area also consists of an established and densely populated residential trade area, with a 1-mile population of 17,576 and a 3-mile population totaling 140,828. The property is positioned immediately adjacent to North Ridge Country Club, which is one of Sacramento’s premier golf courses and country clubs offering year-round activities and events.

***Please do not disturb the tenant * * *

Patrick Follett | 916.274.4433pf@corecre.com

CA DRE #01796180

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Asking Price $740,000

PSF Improvements $201 PSF

PSF Land $38 PSF

Property Address 7400 Madison Ave, Fair Oaks CA 95628

Building Size 3,680 SF (per public records)

Parcel Size 0.439 acres (19,130 SF)

APN (Sacramento County) 233-0130-022-0000

Parking 16 spaces

Zoning LC

Year Built 1976

Access Madison: Right In / Right Out San Juan: Right In / Right Out

Traffic Counts Madison Avenue: 22,120 VPD San Juan Avenue: 22,799 VPD

• Owner/User or Investment Opportunity

• Hard Corner Location with 44,919 VPD at Madison Ave & San Juan Ave

• Densely Populated Trade Area with 3-Mile Population of 140,828

• Nearby Retail Includes: Stanton Optical, McDonald’s, Safe Credit Union, Dutch Brothers Coffee, ARCO and Jimboy’s Tacos

• Adjacent to North Ridge Country Club

• Current Tenant is on Month-to-Month Tenancy

Property Details

Investment Highlights

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Retail Aerial

SAN

JUA

N A

VEN

UE - 22,799 V

PDSA

N JU

AN

AV

ENU

E - 22,799 VPD

MADISON AVE - 22,120 VPDMADISON AVE - 22,120 VPD

NORTHRIDGENORTHRIDGECOUNTRY CLUBCOUNTRY CLUB

Osorio Dental

Dry Cleaners

SAN JUAN PARKSAN JUAN PARK

HairSalon

PatriotBicycles

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Expanded Retail Aerial

GREENBACK LANE - 62,669 VPDGREENBACK LANE - 62,669 VPD

NORTHRIDGENORTHRIDGECOUNTRY CLUBCOUNTRY CLUB

SAN JUAN SAN JUAN HIGH SCHOOLHIGH SCHOOL

MADISON AVE - 22,120 VPDMADISON AVE - 22,120 VPD

SAN

JUA

N A

VEN

UE - 22,799 V

PDSA

N JU

AN

AV

ENU

E - 22,799 VPD

SUN

RISE A

VEN

UE - 18,470 V

PDSU

NR

ISE AV

ENU

E - 18,470 VPD

SUNRISE MALLSUNRISE MALL

MARKETPLACEMARKETPLACEATAT

BIRDCAGEBIRDCAGE

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Area Overview

The city of Citrus Heights is an established community that was officially incorporated in 1997.

Citrus Heights is conveniently located within close proximity to the neighboring communities of Fair Oaks, Roseville,

Orangevale and Antelope. The main arterial of Sunrise Blvd. provides direct access to both Interstate 80 and Highway 50.

The city is home to Sunrise Marketplace (less than 1 mile from the subject property) which is the epicenter of the city’s retail

and business activity. There are an estimated 400 businesses packed into a 10 block area. Major retailers within the area include: Sunrise Mall, Lowe’s, Walmart, Target, BevMo, Sprouts, Old Navy as well as many others. The Sunrise Marketplace improvement district was implemented as a way to ensure the long-term economic viability of the trade area and continued activity within the area would certainly suggest the district is thriving.

Citrus Heights also understands and recognizes that small and medium-sized businesses are valuable to the local

economy. The pro-business city offers guides designed to help entrepreneurs navigate the process of creating a business.

Fair Oaks is a census-designated place in Sacramento County,

California. It is part of the Sacramento–Arden-Arcade–Roseville Metropolitan Statistical Area. The estimated 2019 population is 32,125. Average household income is $122,963.

The median home value in Fair Oaks is $455,200. Fair

Oaks home values have gone up 1.6% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in Fair Oaks is $248, which is higher than the Sacramento--Roseville--Arden-Arcade Metro average of $247. The median price of homes currently listed in Fair Oaks is $539,450 while the median price of homes that sold is $432,400. The median rent price in Fair Oaks is $1,995, which is higher than the Sacramento--Roseville--Arden-Arcade Metro median of $1,975.

Fair Oaks is family friendly and offers great schools, well maintained parks and a multitude of programs and community events that help

make Fair Oaks an enjoyable place to live and work.

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Demographic Data

1 mile 17,576

3 mile 140,828

5 mile 368,859

Population

1 mile 6,888

3 mile 56,861

5 mile 142,040

Households

1 mile $93,487

3 mile $86,426

5 mile $87,080

Average HH Income

1 mile 3,849

3 mile 39,288

5 mile 97,751

Total Employees

1 mile 596

3 mile 5,394

5 mile 12,870

Total Businesses

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COPYRIGHT © 2019. ALL RIGHTS RESERVED. CORE Commercial (“Agent”), CA DRE Lic. 01904661, has presented this

brief, selected information pertaining to the Property and shall not be considered all-inclusive or unchanged since the

date of preparation. No warranty as to the accuracy or completeness is expressed or implied. The information has

been received from sources believed to be reliable but is not guaranteed. Prospective purchasers and tenants should

independently verify each item of information and have the same reviewed by its tax advisor and/or legal counsel. The

Property is being offered on an “as-is, where-is” and “with all faults” basis unless otherwise specified. Owner reserves

the right to withdraw this offering at any time, without further notice, with or without cause.

Exclusively Listed By:

Patrick Follett916.274.4433pf@corecre.comCA BRE #01796180

2264 Fair Oaks Blvd, Suite 201 | Sacramento, CA 95825

www.corecre.com