Harbor Freight & Skechers | New 10 Year NNN Leases
1617 Douglas Blvd, Roseville, CA 95661
Price: $8,750,000
Status: Available
Cap Rate: 6.21%
Year Built: 1974/Renovated 2025
NOI: $543,750
Lot Size: 3.41 acres
Price Per Foot: $241
Lease Type: Triple-Net (NNN)
Remaining Term: 10
GLA: 35,988 sqft
Property Intro
Lee & Associates, together with Bang Realty, are please to present a 100% leased, dual-tenant retail asset in the high-growth market of Roseville, California. Strategically positioned along a major retail corridor, the property is anchored by two nationally recognized tenants—Skechers, a global footwear leader (NYSE: SKX), and Harbor Freight Tools, a household name in value hardware retail with over 900 locations nationwide. This offers a stable and passive income stream for investors.
The property benefits from strong visibility, excellent signage, and recent upgrades including a refreshed façade and improved parking lot infrastructure. It boasts convenient ingress and egress and ample on-site parking, making it a high-traffic destination for local and regional shoppers.
Located in one of the most affluent and fast-growing areas of the greater Sacramento region, the surrounding 5-mile radius includes a population of over 230,000 residents with an average household income exceeding $115,000. Roseville is a highly desirable city known for its robust retail sector, strong employment base, and quality of life—making this asset not only a secure investment but one with long-term upside potential. With credit tenants, excellent demographics, and a prime location, this property checks all the boxes for both seasoned and first-time investors.