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Starbucks 5149 Manzanita Ave

1,706 SF 4-Star Retail Building Sacramento, CA 95841 $2,208,000 ($1,294/SF) 5% Cap Rate

Investment Highlights

  • National Credit Tenant (NASDAQ: SBUX) with Strong Historical Occupancy - 19 Years
  • High-Visibility Drive-Thru Location with Excellent Access and Exposure off of Manzanita and Madison Avenues - 54,600 VPD
  • NNN Lease with 2.5 Years Remaining; Three, 5-Year Options with 13% Increases at Options
  • Strategically Positioned in Dense Retail-Commercial Trade Area in Thriving Sacramento Suburb, Carmichael - $100,627 AHI in 3 Mile Radius

Executive Summary

Essential CRE is pleased to present the opportunity to acquire the fee simple interest in the Starbucks located at 5149 Manzanita Avenue in Sacramento (Carmichael), CA. The subject property is 1,706 square feet, resides on .62 acres of land, was built in 2006 and is an outparcel to a very busy daily needs strip center. Starbucks benefits from excellent exposure and access off of Manzanita and Madison Avenues (signalized intersection) and features drive thru access. Starbucks benefits from its immediate proximity to The Home Depot, Walmart Neighborhood Market, Ross, PetSmart, Carl's Jr, Arby's, KFC, Sizzler, ARCO ampm, Sinclair and DaVita Dialysis.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,706 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2006
Price
$2,208,000
Price Per SF
$1,294
Cap Rate
5%
NOI
$110,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
0.62 AC
Zoning
LC
Parking
12 Spaces (7.96 Spaces per 1,000 SF Leased)
Frontage
63 FT on Madison Ave

Amenities

  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 1,706 SF
  • $5.39
  • Triple Net
  • Feb 2027

Starbuck's story begins in 1971 along the cobblestone streets of Seattle’s historic Pike Place Market. It was here where Starbucks opened its first store, offering fresh-roasted coffee beans, tea and spices from around the world for their customers to take home. Their name was inspired by the classic tale, “Moby-Dick,” evoking the seafaring tradition of the early coffee traders. Starbucks would soon expand to Chicago and Vancouver, Canada and then on to California, Washington, D.C. and New York. By 1996, they would cross the Pacific to open their first store in Japan, followed by Europe in 1998 and China in 1999. Over the next two decades, they would grow to welcome millions of customers each week and become a part of the fabric of tens of thousands of neighborhoods all around the world. In everything they do, they are always dedicated to Their Mission: With every cup, with every conversation, with every community - they nurture the limitless possibilities of human connection.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services 1,706 SF $5.39 Triple Net Feb 2027
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
230-0072-001
Land Assessment
$910,262
Improvements Assessment
$910,262
Total Assessment
$1,820,524
  • Listing ID: 32842432

  • Date on Market: 8/17/2024

  • Last Updated:

  • Address: 5149 Manzanita Ave, Sacramento, CA 95841

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