120 Gateway Drive presents a unique opportunity to own a multi-tenant commercial building in Lincoln, California. Located directly off Highway 65 and Lincoln Blvd, this property is part of an 8-building business park, all characterized by a similar, upscale architectural style. Current tenants include Little Caesars, occupying 1,313 square feet, and MS Fit California, a gym that occupies 15,000 square feet. The synergy among the business park tenants and the absence of vacancies in the area demonstrate significant consumer spending.
Adjacent to MS Fit California, there’s a 3,000 square foot vacant space that has been used for storage since it was never developed. By installing a storefront, providing a vanilla shell finish inside, and adding a partition wall to separate it from the gym, this space could be transformed into a rentable retail spot. Market analysis of nearby retail centers suggests that with these improvements, this space could command a rent of $2.75 per square foot or higher.
