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2300 Longport Ct 4,508 SF 100% Leased Retail Building Elk Grove, CA 95758 $2,495,000 ($553.46/SF) 6% Cap Rate
Investment Highlights
- Starbucks drive-thru anchor delivering daily traffic from morning through evening
- Recent $500K Starbucks remodel (2023) showing continued tenant investment
- Diversified tenant mix including food service and personal care uses that support steady demand
- Long-term Starbucks lease structure with options extending potential occupancy to 2047
- 100% leased NNN structure supporting predictable income and reduced landlord expense exposure
- Positioned just off I-5 capturing regional commuter and hotel traffic
Executive Summary
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.
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Pho Ava
- Accommodation and Food Services
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99,999 SF
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Lorem Ipsum
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- Accommodation and Food Services
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99,999 SF
- -
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Lorem Ipsum
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Starbucks is a publicly traded coffeehouse and beverage company focused on the sourcing, roasting, and retailing of coffee and related products. Founded in 1971 in Seattle, Washington, the company began as a retailer of whole bean coffee and coffee equipment before evolving into a café-based model in the late 1980s. Starbucks operates company-owned and licensed locations across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region, supported by regional offices and corporate functions. The company’s operations include retail stores, roasting facilities, and supply chain infrastructure that supports both in-store and packaged goods channels. Starbucks has expanded its portfolio over time to include tea-based beverages, food offerings, and ready-to-drink products distributed through grocery and foodservice partners. The company has also developed premium concepts, including Starbucks Reserve, which emphasizes small-batch coffee and experiential retail formats. Starbucks is listed on the Nasdaq under the ticker symbol SBUX. Its corporate headquarters, known as the Starbucks Center, is located in Seattle and houses executive leadership, global operations, and administrative functions.
- Wisdom Salon & Spa
- Services
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99,999 SF
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Lorem Ipsum
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Pho Ava | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - | |
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Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - | |
| Wisdom Salon & Spa | Services | 99,999 SF | - | Lorem Ipsum | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,660,000 | |
| Land Assessment | $640,000 | Total Assessment | $3,300,000 |
Property Taxes
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2300 Longport Ct
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