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Starbucks Shops | DriveThru | $1.2M Remodel 4332 Watt Ave 4,500 SF 100% Leased Retail Building North Highlands, CA 95660 $3,100,000 ($688.89/SF) 5.58% Cap Rate
Investment Highlights
- 100% Occpuied | 3-Tenant Offering | Drive-Thru Equipped | Starbucks Early Renewal & Remodel, 10 Years Remaining
- Nearby Walmart Supercenter | National/Credit Tenants |Adjacent to IRS & DEA Office Buildings
- Signalized, Hard Corner Intersection | Excellent Visibility |Direct Access to Interstate 80 (220,500 VPD)
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a 100% occupied Starbucks anchored three-tenant, e-commerce resistant, retail strip investment property located in Sacramento, California. Starbucks is equipped with an end-cap drive-thru lane, which provides ease and convenience for customers. Furthermore, Starbucks recently completed remodeling its interior with over $1.2 million improvement at its own expense, demonstrating a strong commitment to the subject site. XX Tacos and MF Gyros & Burgers both recently signed brand new leases with options to extend.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Building Class
C
Year Built
2006
Price
$3,100,000
Price Per SF
$688.89
Cap Rate
5.58%
NOI
$172,888
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.46 AC
Zoning
TC - Highway Travel Commercial
Parking
38 Spaces (8.44 Spaces per 1,000 SF Leased)
Frontage
236’ on Watt Ave
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- MF Gyros & Burgers
- Accommodation and Food Services
-
99,999 SF
- -
-
Jan 0000
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Jan 0000
Starbucks Corporation began in 1971 as a coffee bean retailer in Seattle's Pike Place Market. The company transformed into a coffeehouse under Howard Schultz's leadership in the 1980s. Starbucks expanded internationally in the 1990s, establishing a worldwide presence with company-operated stores and licensed locations. The business serves coffee beverages, teas, and various food items while operating through multiple segments including retail operations and product licensing. Starbucks maintains a significant global footprint in the coffee retail industry.
- XX Tacos
- Accommodation and Food Services
-
99,999 SF
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| MF Gyros & Burgers | Accommodation and Food Services | 99,999 SF | - | Jan 0000 | ||
|
|
Accommodation and Food Services | 99,999 SF | - | Jan 0000 | ||
| XX Tacos | Accommodation and Food Services | 99,999 SF | - | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Good public transit
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 240-0232-063 | Improvements Assessment | $1,337,688 |
| Land Assessment | $497,191 | Total Assessment | $1,834,879 |
Property Taxes
Parcel Number
240-0232-063
Land Assessment
$497,191
Improvements Assessment
$1,337,688
Total Assessment
$1,834,879
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Starbucks Shops | DriveThru | $1.2M Remodel | 4332 Watt Ave
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