2300 Longport Ct 4,508 SF 100% Leased Retail Building Elk Grove, CA 95758 $2,495,000 ($553.46/SF) 6% Cap Rate

Starbucks-anchored, fully leased retail investment offering stable in-place income and long-term tenant security in one of Elk Grove’s strongest retail corridors. The asset is structured as a NNN investment, allowing for predictable cash flow with minimal landlord management responsibilities.
The property is 100% occupied by a complementary mix of national and service-oriented tenants, providing diversified revenue streams and consistent daily customer activity. Starbucks recently completed an estimated $500,000 interior remodel (2023), reinforcing long-term commitment to the location. The Starbucks lease includes four remaining 5-year extension options, potentially extending occupancy through February 2047 with scheduled 10% rental increases every five years.
Located just off Interstate 5 near Laguna Blvd, the site benefits from strong commuter exposure, surrounding national retailers, nearby hotels, and a major employment base including Apple’s Elk Grove campus. The building size and lot configuration create an efficient, easy-to-manage investment footprint that appeals to both private and exchange buyers seeking stabilized retail income.
At the offered price, the property delivers approximately a 6.1% cap rate based on current financials.