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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
- -
- -
- -
- -
Deli Delicious began in 1995 when a family purchased a small deli sandwich restaurant in Fresno, California and kept the Deli Delicious name. The company built its business around made-to-order sandwiches and a family-style service approach, then expanded into a franchise system in 2008. Today, Deli Delicious focuses on quick-service dining with a menu that includes sandwiches, salads, wraps, soups, French fries, and catering, while continuing to operate and grow across California through company and franchise restaurants.
Jamba began in 1990 in San Luis Obispo, California, and built its business around better-for-you blended beverages. The brand now focuses on smoothies, fresh juices, bowls, boosts, bites, and on-the-go snacks, while also supporting digital ordering, delivery, and rewards through its guest experience. Jamba has expanded beyond its original juice-shop format into a broader quick-service menu and operates through a franchised network with a significant presence in the United States and select international markets.
The company was formed in 2000 through the merger of Bell Atlantic and GTE, creating a communications business with roots in earlier regional telephone and network operations. Verizon provides wireless service, fixed wireless access, and fiber broadband for consumer customers, while also serving businesses and government agencies. The company's business offerings include data, video, conferencing, corporate networking, security, managed network services, voice services, and internet of things connectivity, giving Verizon a broad role across the communications technology market.
Founded in 1994, Wingstop began as a Texas chicken-wing concept and later expanded through franchising. The company operates and franchises restaurants centered on cooked-to-order, hand-sauced and tossed chicken, with a menu built around classic and boneless wings, tenders, chicken sandwiches, seasoned fries, and housemade ranch and bleu cheese dips. Wingstop now serves a global network of restaurants, and most locations are run by brand partners, giving the business a franchise-driven presence across the restaurant industry.
| 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 |

