This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Starbucks Shops | NNN Lses | Early Renewal 4332 Watt Ave

4,500 SF 100% Leased Retail Building North Highlands, CA 95660 $2,800,000 ($622/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
Freestanding
Building Size
4,500 SF
Building Class
C
Year Built
2006
Price
$2,800,000
Price Per SF
$622
Cap Rate
5.21%
NOI
$145,964
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 FT on Watt Ave

Amenities

  • Corner Lot
  • Dedicated Turn Lane
  • Freeway Visibility
  • Restaurant
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Monument Signage

Nearby Major Retailers

Starbucks
SAFE Credit Union
Raley's
Denny's
Storagepro
Krispy Krunchy Chicken

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
240-0232-063
Land Assessment
$487,443
Improvements Assessment
$1,311,459
Total Assessment
$1,798,902
  • Listing ID: 33840517

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 4332 Watt Ave, North Highlands, CA 95660

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}