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INVESTMENT HIGHLIGHTS
- ±2,260 SF stand-alone restaurant investment in the heart of Midtown, Sacramento
- Fully leased to Sunny Side Restaurant, a popular Asian American brunch concept with strong local following
- Attractive 6.48% in-place return with 3% annual rental increases and two 5-year FMV extension options
- Benefits from Handle District’s thriving dining scene at 19th & Capitol, surrounded by Zócalo, Paesano’s, Mulvaney’s, Chipotle, Jack’s, Alaro and more
- Passive NNN lease structure with ±3.5 years remaining on initial term through April 30, 2029
EXECUTIVE SUMMARY
Turton Commercial Real Estate is pleased to present for sale this centrally located stand-alone restaurant investment at 1221 19th Street, currently home to Midtown Sacramento’s beloved Sunny Side Restaurant. 1221 19th Street, herein referenced as “the Property”, is an approximately 2,260 square foot restaurant located in the heart of Midtown near the intersection of 19th and Capitol Avenue, surrounded by a bustling Midtown environment with neighboring restaurants such as Zocalo, Paesano’s, Mulvaneys, Chipotle, Jack’s Urban Eats, Alaro Craft Brewing, and more!
The restaurant is currently leased to Sunny Side Restaurant, a local favorite Asian American brunch attraction, whose current lease in place provides an investor with an attractive 6.48% in place return against the purchase price of $1,225,000. Sunny Side’s lease also provides an investor with attractive annual 3% increases throughout the remainder of the lease term, a passive triple-net lease structure, and remaining term of approximately 3.5 years, with a lease expiration of April 30, 2029. Upon lease expiration, the Tenant has two 5-year lease extension options set at Fair Market Value, with annual 3% increases remaining. As such, it is very likely this Tenant and their thriving restaurant will continue operations in the building for the next 13 years, providing reliable income to its next owner. Don’t miss this opportunity to own an extremely reliable investment in the heart of Midtown.
The restaurant is currently leased to Sunny Side Restaurant, a local favorite Asian American brunch attraction, whose current lease in place provides an investor with an attractive 6.48% in place return against the purchase price of $1,225,000. Sunny Side’s lease also provides an investor with attractive annual 3% increases throughout the remainder of the lease term, a passive triple-net lease structure, and remaining term of approximately 3.5 years, with a lease expiration of April 30, 2029. Upon lease expiration, the Tenant has two 5-year lease extension options set at Fair Market Value, with annual 3% increases remaining. As such, it is very likely this Tenant and their thriving restaurant will continue operations in the building for the next 13 years, providing reliable income to its next owner. Don’t miss this opportunity to own an extremely reliable investment in the heart of Midtown.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,260 SF
Building Class
C
Year Built
1957
Price
$1,225,000
Price Per SF
$542.04
Cap Rate
6.42%
NOI
$78,645
Tenancy
Single
Building Height
1 Story
Building FAR
0.74
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
C-2-NC
Frontage
AMENITIES
- Bus Line
- Signage
Walk Score®
Walker's Paradise (98)
Bike Score®
Biker's Paradise (98)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 007-0143-015 | Improvements Assessment | $520,000 |
| Land Assessment | $320,000 | Total Assessment | $840,000 |
PROPERTY TAXES
Parcel Number
007-0143-015
Land Assessment
$320,000
Improvements Assessment
$520,000
Total Assessment
$840,000
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1221 19th St
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