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NOI Net Operating Income
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Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A

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Property Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Town & Country Village Shopping Center (the “Property”). Town & Country Village is a rare dual grocery-anchored community center located in Sacramento, California.



Encompassing 216,320 square feet, the Property is anchored by best-in-class grocers, Trader Joe’s and Sprouts Farmers Market, and offers a diverse lineup of essential needs, off-price, service, and fast casual restaurant tenants. This impressive tenant roster provides an investor a diversified income stream with 22% of the NOI derived from grocery tenants, 90% of the NOI derived from credit and national tenants, and 60% of the NOI derived from anchor and jr. anchor tenants.



Town & Country Village offers an exciting opportunity to acquire the premiere grocery-anchored center in Sacramento, the capital of California, and one of the top growth markets in the United States.

Investment Highlights

  • POSITIONED AT THE MAIN INTERSECTION OF THE TRADE AREA 
    • Marconi and Fulton is one of Sacramento’s premiere retail intersections providing regional access and visibility to over 60,000 vpd.
  • GROWING NOI & VALUE-CREATION OPPORTUNITIES
    • 3.8% 10-year CAGR Significant lease-up and mark-to-market opportunities.
  • FLEXIBLE EXIT STRATEGY  
    • Separately parceled allowing for flexible exit strategy and ability to reduce basis over time.
  • IRREPLACEABLE IN-FILL SACRAMENTO LOCATION
    • Town & Country Village holds an irreplaceable location within a mature, in-fill residential neighborhood.
  • HYPER IN-MIGRATION TO SACRAMENTO
    • Due to urban to suburban flight Sacramento’s housing market is booming with hyper in-migration.
    • Sacramento MSA is forecast to be the #1 growth market for housing sales and price in 2021.
    • In 2020 Sacramento was the ranked #3 city the United States for in-flow of tech workers.
Last Updated Date: 06 May 2021
Eric Kathrein
Eric Kathrein
Senior Director, Capital Markets
License details
CA-01896107

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Last Updated Date: 06 May 2021

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