866-870 57th St
Sacramento, CA 95819
Retail Property For Sale

Turton Commercial Real Estate is pleased to present the opportunity to purchase 866-870 57th Street (the “Property”), a 100% leased triple net leased investment located in the heart of East Sacramento. The Property is currently occupied by two long-term tenants, each occupying a stand-alone building on the Property. Main Event Barbers has occupied a 1,100 square foot converted home since February 2019 and recently extended its lease term through April 2029. Porchlight Brewing Company, a local microbrewery and the only on-site brewery in East Sacramento, has occupied a 2,773 square foot warehouse flex building and the adjacent outdoor patio space since June 2017 and recently extended its lease term through April 2029. Both Tenants have made considerable financial investment in their respective buildings and have developed a strong fanbase among nearby residents. Both tenants benefit from outdoor patio space and 7 on-site parking stalls.
The two structures total approximately 3,873 square feet situated on a 10,220 square foot parcel of land. The average rent between both tenants is $1.28 per square foot, triple net. The current net operating income is $59,638 with both tenants paying their pro-rata share of operating expenses (including property tax increases) and utilities in addition to the base rent. The Property is being offered for $1,030,000 which equates to a 5.79% capitalization rate in the first year. Over the remaining three years of term, the average annual return is 6.02%, factoring in the scheduled rent increases.