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Restaurant

Carol's Restaurant (NNN) - Trophy Downtown Location

1201 W Capitol Ave, West Sacramento, CA 95691

Listing Price: $1,518,000

Cap Rate
6.00%
Tenant Name
Carol's Restaurant
Years Remaining On Lease
6.6
Guarantor
Personal Guarantee
Rentable SF
3,073
Lease Type
Triple Net (NNN)

Investment Overview

The offering represents an extremely rare opportunity to acquire a small single-tenant restaurant building NNN leased to a legendary restaurant in West Sacramento and located in a trophy irreplaceable location in the middle of Downtown West Sacramento. The property is comprised of a 3,073-square foot restaurant building with an outdoor patio area directly on West Capitol Avenue, the major traffic corridor for Downtown West Sacramento. The building sits on a 0.5-acre lot and includes a large parking lot in the back of the property, a rarity in Downtown West Sacramento. The restaurant is leased to Carol’s Restaurant on a NNN lease until December 31, 2028. Carol's is a famous sit-down restaurant established in 1988 and considered to be an institution in the city.

Investment Highlights

  • Offered at $1,518,000, at a Cap Rate of 6.00% Year One - 6.91% Cap Rate on January 1, 2024
  • NNN Leased to December 31, 2028 to a Legendary Restaurant in West Sacramento
  • Located in a Trophy Irreplaceable Infill Location Across From City Hall, Sacramento City College, City Library, and City Community Center
  • City of West Sacramento Is Experiencing Rapid Population and Employment Growth
  • Close Proximity to Sutter Health Park Baseball Stadium, Downtown Sacramento, Bridge District, and The Railyards Master Developments
  • Available Separately or Together with 1641 Merkley Ave (Advanced Auto Center, NNN Leased Until July, 2028)

Exclusively Listed By

Restaurant

Carol's Restaurant (NNN) - Trophy Downtown Location

Listing Price: $1,518,000

Cap Rate
6.00%
Tenant Name
Carol's Restaurant
Years Remaining On Lease
6.6
Guarantor
Personal Guarantee
Rentable SF
3,073
Lease Type
Triple Net (NNN)

Investment Highlights

  • Offered at $1,518,000, at a Cap Rate of 6.00% Year One - 6.91% Cap Rate on January 1, 2024
  • NNN Leased to December 31, 2028 to a Legendary Restaurant in West Sacramento
  • Located in a Trophy Irreplaceable Infill Location Across From City Hall, Sacramento City College, City Library, and City Community Center
  • City of West Sacramento Is Experiencing Rapid Population and Employment Growth
  • Close Proximity to Sutter Health Park Baseball Stadium, Downtown Sacramento, Bridge District, and The Railyards Master Developments
  • Available Separately or Together with 1641 Merkley Ave (Advanced Auto Center, NNN Leased Until July, 2028)

Investment Overview

The offering represents an extremely rare opportunity to acquire a small single-tenant restaurant building NNN leased to a legendary restaurant in West Sacramento and located in a trophy irreplaceable location in the middle of Downtown West Sacramento. The property is comprised of a 3,073-square foot restaurant building with an outdoor patio area directly on West Capitol Avenue, the major traffic corridor for Downtown West Sacramento. The building sits on a 0.5-acre lot and includes a large parking lot in the back of the property, a rarity in Downtown West Sacramento. The restaurant is leased to Carol’s Restaurant on a NNN lease until December 31, 2028. Carol's is a famous sit-down restaurant established in 1988 and considered to be an institution in the city.

Exclusively Listed By

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