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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
Property Facts
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 |
PROPERTY TAXES
Parcel Number | 230-0072-001 | Improvements Assessment | $910,262 |
Land Assessment | $910,262 | Total Assessment | $1,820,524 |
PROPERTY TAXES
Presented by
Starbucks | 5149 Manzanita Ave
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