In a significant move for the retail landscape of Rancho Cordova, Hanley Investment Group Real Estate Advisors has successfully facilitated the sale of a newly constructed, 9,000-square-foot multi-tenant retail pad, known as Shops II, located within the burgeoning Anatolia Marketplace shopping center. The transaction, valued at $6.08 million, showcases the ongoing appeal of well-positioned retail properties, especially in affluent suburban markets.
The Shops II pad, strategically sited at the intersection of Sunrise Boulevard and Douglas Road, benefits from substantial traffic, with approximately 44,000 vehicles passing daily. This prime location not only connects key routes such as U.S. Route 50 and California State Route 16 but also anchors the retail hub amidst a rapidly growing demographic. With over 92,000 residents within a five-mile radius boasting an average household income of $156,000, the area is ripe for retail investment.
Bill Asher and Jeff Lefko, Executive Vice Presidents at Hanley Investment Group, represented the seller, Anatolia Marketplace, LLC. They highlighted the competitive nature of the sale, stating, “We generated multiple qualified and competitive offers within the first week of marketing and procured a Southern California-based private buyer for the new construction, three-tenant retail pad at Anatolia Marketplace through a long-standing broker relationship.” This rapid interest reflects a broader trend in retail real estate, where investors are increasingly drawn to high-quality, multi-tenant properties leased to reputable national tenants.
The Shops II pad is fully leased to three tenants: Pacific Dental Services (operating as Anatolia Dental Group), Round Table Pizza, and Southern Veterinary Partners (operating as Livewell Pet Hospital). This diverse mix not only caters to everyday consumer needs but also enhances the shopping center’s overall appeal. Notably, the other tenants within the Anatolia Marketplace include popular names like Chipotle, McDonald’s, and Dutch Bros, creating a vibrant retail ecosystem that attracts foot traffic.
Rancho Cordova’s growth story is compelling. The city has seen nearly 47% growth over the past two decades and ranks as the third wealthiest region in the Sacramento metro area. With 38,535 homes either existing, planned, or under construction nearby, the demand for retail services is expected to rise. Additionally, the area serves as a significant employment hub, with over 17,000 jobs within a three-mile radius, further solidifying its status as a retail magnet.
Asher noted, “High-quality, well-positioned, new construction multi-tenant retail properties leased to national tenants continue to experience strong investor demand. Furthermore, we expect pent-up demand and impatient capital to emerge from the sidelines, leading to a significant increase in both single-tenant and multi-tenant retail pad transactions in 2025.” This sentiment captures the essence of a shifting market, where investors are eager to capitalize on emerging opportunities in suburban retail, particularly as consumer behaviors continue to evolve post-pandemic.
With developers like MEE Capital Investments at the helm of Anatolia Marketplace, the focus on creating synergistic uses to service the rapidly growing population is evident. The ongoing discussions with grocery store operators signal a proactive approach to meet the demands of the community, ensuring that the marketplace remains a vital resource for residents.
As the retail landscape continues to transform, the successful sale of Shops II serves as a testament to the resilience and adaptability of the sector. Investors and developers alike are poised to leverage these insights, shaping the future of retail in Rancho Cordova and beyond.
