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Verizon & Wingstop Multi-Tenant Pad 602-622 Academy Ave 8,016 SF 100% Leased Retail Building Sanger, CA 93657 $4,990,000 ($622.50/SF) 6% Cap Rate



Investment Highlights
- 100% Occupancy; Internet-Resistant Tenant Mix: Tenants include Verizon, Wingstop, Deli Delicious, Bumble Bee, Classic Urgent Care and EVgo
- Outstanding Co-Tenant Lineup: National tenants in the shopping center include Starbucks, Taco Bell, Denny’s, and Napa Auto Parts
- Excellent Visibility Along Main Retail Corridor
- Long-Term Historical Occupancy: 87% of the tenancy has occupied space at the property for 9+ years
- High Barriers to Entry with Limited Surrounding Retail Competition
- High-Growth Trade Area: The number of households has increased over 12.5% in a 3-mile radius over the past 10 years
Executive Summary
Property Facts
Amenities
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Classic Urgent Care
- Health Care and Social Assistance
- -
- -
- -
- -
In 2008, Deli Delicious Franchising, Inc. was formed and new stores began opening with franchisee owners around the Central Valley. Franchisees benefit from the strength of the growing brand as well as the support of an experienced team of restaurant professionals at the franchise support office.
Jamba, originally founded as Juice Club in 1990 in San Luis Obispo, California, has grown into a prominent quick-service provider of smoothies, juices, and food items. The company rebranded to Jamba Juice in 1995 and later simplified its name to Jamba in 2019 to reflect a broader menu beyond juice offerings. Jamba is privately held under parent company GoTo Foods, an affiliate of Roark Capital Group, which acquired the brand in 2019. Over the years, the company expanded its footprint beyond California and now operates hundreds of locations across the United States and several international markets.
Verizon Communications originated in 1983 as Bell Atlantic after the AT&T breakup. The company merged with GTE in 2000, forming Verizon Communications. Today, it operates consumer services like wireless networks and Fios fiber-optic internet and TV. Its business segment provides networking, cloud solutions, and security services. Verizon remains one of the largest telecommunications providers in the United States.
Wingstop started in 1994 in Garland, Texas, when Antonio Swad created a wing-focused restaurant concept. The company began franchising in 1997, expanding its presence nationally. Wingstop's menu features classic and boneless wings, plus tenders and sandwiches in various flavors. The chain has grown substantially over the years through franchising and now has a significant global footprint. Wingstop continues to develop new products while maintaining its core chicken wing offerings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Classic Urgent Care | Health Care and Social Assistance | - | - | - | - | |
|
Accommodation and Food Services | - | - | Triple Net | - | |
|
Accommodation and Food Services | - | - | - | - | |
|
Information | - | - | Triple Net | - | |
|
Accommodation and Food Services | - | - | Triple Net | - |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $143,359 | |
| Land Assessment | $613,417 | Total Assessment | $756,776 |
Property Taxes
Presented by
Verizon & Wingstop Multi-Tenant Pad | 602-622 Academy Ave
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