8525 Bond Rd
Elk Grove, CA 95624
Mikuni · Retail Property For Sale

Capital Pacific is pleased to present the opportunity to acquire Mikuni, a restaurant in Elk Grove, CA (Sacramento MSA). The property is leased by Mikuni Restaurant Group, Inc., a strong regional chain operating six locations in Sacramento. The tenant, Mikuni, is currently finishing the first of two, five-year lease extensions, the second of which begins on January 1, 2021 and features an eight percent rental increase. The lease is absolute NNN, featuring zero landlord maintenance or expense responsibilities throughout the base term and option period. The Subject Property is an outparcel to Elk Grove Marketplace, a 500K+ square foot retail shopping center with well-known national tenants including Hobby Lobby, Ross, Staples, Burlington Coat Factory, and In-N-Out. The building itself has significant frontage along Bond Road, a major thoroughfare that connects directly to the nearby I-99 freeway. The property benefits from daily traffic of over 34,000 VPD passing the restaurant. The surrounding area of Elk Grove is also a prosperous residential hub, featuring affluent demographics ($103K+ average HH income) and substantial population density (147K+ residents) within a 3-mile radius.