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3580 Northgate Blvd 2,692 SF 4-Star Retail Building Sacramento, CA 95834 $4,087,000 ($1,518.20/SF) 4.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Stable Income Stream: 15-year Net lease with 10% rent escalations every five years, ensuring predictable cash flow
- Proven Operator in High-Traffic Retail Nodes: Starbucks’ strategic site selection ensures sustained foot traffic and revenue growth
- Growing Residential Base: The five-mile population of 335,442 is projected to grow 5.6% by 2029, supporting sustained demand
- Minimal Landlord Responsibilities: Starbucks is responsible for all real estate taxes, insurance, and maintenance, excluding structure
- Proximity to I-80 & Major Employers: Immediate access to Interstate 80 (142,800 AADT) enhances regional connectivity
- Modern 2025 Build: State-of-the-art 2,234 SF drive-thru facility on a 0.72-acre parcel, designed for efficiency
EXECUTIVE SUMMARY
Premier Location with High Visibility: Positioned off Northgate Blvd, with 29,910 vehicles per day, and easy access to I-80, ensuring
continuous exposure. Long-Term Net Lease: 15-year Net lease with Starbucks Corporation, including 10% rent escalations every five years, providing a strong
hedge against inflation. Minimal Landlord Responsibilities: Starbucks assumes all operating expenses except structural maintenance, delivering a passive
investment structure. Strong Market Fundamentals: Located in Sacramento’s Northgate trade area, with a five-mile population of 335,442 and a median age
of 35.7, supporting long-term growth. New 2025 Construction: 2,234 SF prototype building with drive-thru, ensuring modern design and operational efficiency. Surrounded by National Retailers: Close proximity to Walmart, Target, Home Depot, and numerous QSR brands, reinforcing Starbucks’ customer base
continuous exposure. Long-Term Net Lease: 15-year Net lease with Starbucks Corporation, including 10% rent escalations every five years, providing a strong
hedge against inflation. Minimal Landlord Responsibilities: Starbucks assumes all operating expenses except structural maintenance, delivering a passive
investment structure. Strong Market Fundamentals: Located in Sacramento’s Northgate trade area, with a five-mile population of 335,442 and a median age
of 35.7, supporting long-term growth. New 2025 Construction: 2,234 SF prototype building with drive-thru, ensuring modern design and operational efficiency. Surrounded by National Retailers: Close proximity to Walmart, Target, Home Depot, and numerous QSR brands, reinforcing Starbucks’ customer base
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,692 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
1989
Price
$4,087,000
Price Per SF
$1,518.20
Cap Rate
4.65%
NOI
$190,046
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.72 AC
Zoning
C-2-SP
Parking
29 Spaces (12.98 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 250-0121-049 | Improvements Assessment | $892,500 |
| Land Assessment | $816,000 | Total Assessment | $1,708,500 |
PROPERTY TAXES
Parcel Number
250-0121-049
Land Assessment
$816,000
Improvements Assessment
$892,500
Total Assessment
$1,708,500
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3580 Northgate Blvd
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