6228 Walnut Ave, Orangevale, CA 95662

About this commercial property

NNN investment with 5 year lease at $3,000/month. 6.0% cap rate! Commercial retail property and current location of Sacramento Smog & Auto Repair. The property was built in 1958 and offers approximately 2,180 square feet of rental space and sits on a 8,670 square foot lot with room for ample parking. The property is being offered with an absolute NNN lease with 5 years term and 2.5% annual rent increases. The owner/tenant will be responsible for all expenses including property tax, interior and exterior maintenance, insurance, and all utilities. All deferred maintenance has been addressed resulting in a stress-free, turn-key, property with zero management responsibilities.

Listing description from the June 2023 sale, as reported to CRMLS.

Sale history

$500,000

Sold June 2023 · listed $599,000, on market August 2022 · MLS #41005301 · Source: CRMLS

Listing Agent: David Howarth · Listing Office: The Pinza Group, Inc · Contact: 510-725-4775 · Bought with: David Howarth · The Pinza Group, Inc

Explore Orangevale