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Starbucks Shops | DriveThru | $1.2M Remodel 4332 Watt Ave 4,500 SF 100% Leased Retail Building North Highlands, CA 95660 $4,239,653 CAD ($942.15 CAD/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
$4,239,653 CAD
Price Per SF
$942.15 CAD
Cap Rate
5.58%
NOI
$236,447 CAD
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 Coffee Company is a multinational coffeehouse operator headquartered in Seattle, Washington. The company was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker, initially operating as a retailer of roasted coffee beans and equipment in Seattle’s Pike Place Market. Starbucks later expanded into a café-based model emphasizing handcrafted beverages and in-store customer experience, evolving into one of the most recognizable food and beverage brands worldwide. Starbucks operates through a mix of company-operated and licensed stores, selling coffee, tea, espresso-based beverages, and complementary food items.
- 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 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 240-0232-063 | Improvements Assessment | $1,834,184 CAD |
| Land Assessment | $681,728 CAD | Total Assessment | $2,515,913 CAD |
Property Taxes
Parcel Number
240-0232-063
Land Assessment
$681,728 CAD
Improvements Assessment
$1,834,184 CAD
Total Assessment
$2,515,913 CAD
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Starbucks Shops | DriveThru | $1.2M Remodel | 4332 Watt Ave
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