Starbucks
1,706 SF | 4-Star Retail Building | Sacramento, CA 95841 | $2,208,000 ($1,294/SF) | 5% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,208,000
- Property Type
-
Retail
- Square Feet
- 1,706 SF
- Price / Square Foot
- $1,294
Listing Contacts
Michael Cisternino
Verified Profile
Nick Cole
Verified Profile
- Property Info
Property Overview
Essential CRE is pleased to present the opportunity to acquire the fee simple interest in the Starbucks located at 5149 Manzanita Avenue in Sacramento (Carmichael), CA. The subject property is 1,706 square feet, resides on .62 acres of land, was built in 2006 and is an outparcel to a very busy daily needs strip center. Starbucks benefits from excellent exposure and access off of Manzanita and Madison Avenues (signalized intersection) and features drive thru access. Starbucks benefits from its immediate proximity to The Home Depot, Walmart Neighborhood Market, Ross, PetSmart, Carl's Jr, Arby's, KFC, Sizzler, ARCO ampm, Sinclair and DaVita Dialysis.
Property Details
- Class
- A
- Year Built
- 2006
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 27,007 SF
Highlights
- National Credit Tenant (NASDAQ: SBUX) with Strong Historical Occupancy - 19 Years
- NNN Lease with 2.5 Years Remaining; Three, 5-Year Options with 13% Increases at Options
- High-Visibility Drive-Thru Location with Excellent Access and Exposure off of Manzanita and Madison Avenues - 54,600 VPD
- Strategically Positioned in Dense Retail-Commercial Trade Area in Thriving Sacramento Suburb, Carmichael - $100,627 AHI in 3 Mile Radius
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