Starbucks Shops | NNN Lses | Early Renewal | 4332 Watt Ave
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Starbucks Shops | NNN Lses | Early Renewal 4332 Watt Ave
4,500 SF 100% Leased Retail Building North Highlands, CA 95660 $4,020,492 CAD ($893.44 CAD/SF) 5.21% Cap Rate
INVESTMENT HIGHLIGHTS
- Three-Tenant Offering | NNN Leases | Drive-Thru Equipped |Starbucks Early Renewal & Remodel, Over 11 Years Remaining
- Nearby Walmart Supercenter | National/Credit Tenants |Adjacent to IRS & DEA Office Buildings
- Signalized, Hard Corner Intersection | Excellent Visibility |Direct Access to Interstate 80 (220,500 VPD)
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a 100% occupied, three-tenant, e-commerce resistant, retail strip investment property located in Sacramento, California. The offering features a strong, food services-based tenant line up of Starbucks (S&P: BBB+), Phat Jerry’s Phillies, and Louisiana Famous Fried Chicken. All current tenants operate under NNN leases, limiting expense leakage for a future investor. Additionally, Starbucks is equipped with an end-cap drive-thru lane, which provides ease and convenience for customers. Furthermore, Starbucks recently completed remodeling its interior with over $1.2 million improvement at its own expense, demonstrating a strong commitment to the subject site.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Building Class
C
Year Built
2006
Price
$4,020,492 CAD
Price Per SF
$893.44 CAD
Cap Rate
5.21%
NOI
$209,588 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.46 AC
Zoning
Retail Commercial
Parking
38 Spaces (8.44 Spaces per 1,000 SF Leased)
Frontage
236’ on Watt Ave
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 240-0232-063 | Improvements Assessment | $1,891,871 CAD |
| Land Assessment | $703,171 CAD | Total Assessment | $2,595,042 CAD |
PROPERTY TAXES
Parcel Number
240-0232-063
Land Assessment
$703,171 CAD
Improvements Assessment
$1,891,871 CAD
Total Assessment
$2,595,042 CAD
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Starbucks Shops | NNN Lses | Early Renewal | 4332 Watt Ave
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