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Starbucks 5149 Manzanita Ave

1,706 SF 4-Star Retail Building Sacramento, CA 95841 £1,756,005 (£1,029/SF) 5% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • National Credit Tenant (NASDAQ: SBUX) with Strong Historical Occupancy - 19 Years
  • High-Visibility Drive-Thru Location with Excellent Access and Exposure off of Manzanita and Madison Avenues - 54,600 VPD
  • NNN Lease with 2.5 Years Remaining; Three, 5-Year Options with 13% Increases at Options
  • Strategically Positioned in Dense Retail-Commercial Trade Area in Thriving Sacramento Suburb, Carmichael - $100,627 AHI in 3 Mile Radius

EXECUTIVE SUMMARY

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 FACTS Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,706 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2006
Price
£1,756,005
Price Per SF
£1,029
Net Initial Yield
5%
NOI
£87,800
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
0.62 AC
Zoning
LC
Parking
12 Spaces (7.96 Spaces per 1,000 SF Leased)
Frontage
63 ft on Madison Ave

AMENITIES

  • Signalised Intersection
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • 1,706 SF
  • £4.29
  • NNN
  • Feb 2027

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with stores around the globe, the Company is the premier roaster and retailer of specialty coffee in the world. Through their unwavering commitment to excellence and their guiding principles, they bring the unique Starbucks Experience to life for every customer through every cup.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services 1,706 SF £4.29 NNN Feb 2027
Walk Score®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

PJ's Coffee of New Orleans
Sizzler
El Dorado Savings Bank, Fsb
Jazzercise
Save Mart
Walmart Neighborhood Market
Dutch Bros
Bank of America

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
230-0072-001
Land Assessment
£723,924
Improvements Assessment
£723,924
Total Assessment
£1,447,848
  • Listing ID: 32842432

  • Date on Market: 17/08/2024

  • Last Updated:

  • Address: 5149 Manzanita Ave, Sacramento, CA 95841

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