Description
Mueller Corners is a 100%-leased, multi-tenant retail center at the southeast corner of Marconi and Fulton avenues in Sacramento. The approximately 18,427-square-foot property occupies about 2.3 acres and is leased on a net basis to a mix of food, service, and retail businesses.
The offering is priced at $4,741,000, or approximately $257 per square foot, with an in-place capitalization rate of 6.5% and net operating income of $308,163. The center was built in 1980 and renovated in 2014, with surface parking at approximately four spaces per 1,000 square feet.
Mueller Corners sits across from Town & Country Village and next to Taylor Center, placing it near Sprouts Farmers Market, Trader Joe’s, Walmart Neighborhood Market, and other established retailers. The site benefits from SPA zoning, visibility along the Marconi Avenue corridor, reported traffic of approximately 27,701 vehicles per day on Marconi Avenue, and access to Business 80 and U.S. Highway 50.
