Sherwin Williams With 47 Years+ Operating History At Location Listing Details & Market Data

There have been 31 sales in the Yuba City retail market over the past year, amounting to $49.1 million of volume and 240,000 SF of stock. These sales have averaged $170/SF, below the estimated market price of $189/SF. During this time, trailing one-year price per SF averages were as high as $176/SF and as low as $129/SF. Over the past three years, Yuba City has averaged 33 sales per year, $51.3 million of volume per year, and 340,000 SF of stock per year. Of the sales in the past 12 months, 27 were of general retail. There was one sale of a strip center. Neighborhood centers were sold 2 times. The market's current transaction cap rate stands at 6.3%, below the national average of 6.5%. Over the past three years, transaction cap rates have averaged 6.0%. Within Yuba City, General Retail has market cap rate of 6.8%, Malls have a market cap rate of 7.5%, Power Centers have a market cap rate of 6.8%, Strip Centers have a market cap rate of 6.9%, and Neighborhood Centers have a market cap rate of 6.8%. Rents are around $18.10/SF in general retail buildings, $24.00/SF in malls, $26.00/SF in power centers, $18.30/SF in strip centers, and $21.00/SF in neighborhood centers. Rent growth was 3.6% in general retail buildings, 3.8% in malls, 2.9% in power centers, 4.0% in strip centers, and 5.1% in neighborhood centers. Current vacancy is lower than its trailing three-year average of 5.3%, and higher than the national trailing three-year average of 4.4%. Rents have increased 12.7% over the past three years, higher than the national average of 11.9%. There have been 99 sales over the past three years, amounting to $155 million in volume and 1.0 million SF of inventory. CoStar's estimated cap rate for Yuba City has averaged 6.8% over the past three years, and matches the market's current estimated cap rate. The total Yuba City retail market comprises 7.0 million SF of inventory.The Ballesteros Group is please to present 1191 Bridge Street, Yuba City, CA in Westbridge Village. This three-unit strip center is fully leased with 10,880/SF of usable space on 0.92 acres. With 31 spaces on the parcel, the property offers ample parking and is conveniently located off Golden State Highway 99 and Highway 20 in Outer Sutter County. With it's recent remodel, Sherwin Williams, has anchored this strip center for the past 40 years. AJ's Sandwiches successfully opened its second location within the strip and did a full restaurant buildout in 2020. Roof and AC units were replaced in 2018. Given the subject properties' ideal commuter central location and close proximity to large employers, an investor will reap the long-term gains of this growing area. Just 40 miles north of Sacramento, Yuba City is the agricultural, economic, and social hub of the Yuba-Sutter Region. Providing a unique blend of urban amenities and small-town charm, Yuba City’s historic downtown is the perfect backdrop for shopping, entertainment and community events. The local economy is largely based in agriculture facilitating many large companies with a focus on production and manufacturing that services the worldwide market. The city's vast business community extends to its thriving downtown sector where many local businesses reside. With easy access to two state highways, Yuba City not only offers excellent transportation options for businesses, but also serves as an ideal place to live with a short commute to Sacramento.