About This Restaurant
Investment Highlights
Single-Tenant Chipotle Drive-Thru: New 15-year absolute NNN ground lease; 10% increases every 5 years; zero landlord responsibilities Easily Accessible to U.S. Route 50: Situated minutes from U.S. Route 50 (172,000 cars per day), connecting Rancho Cordova to greater Sacramento 38,535 Homes Existing, Planned or Under Construction in the Immediate Area to Serve the South Sunrise/Sunridge Specific Plan Area of Rancho Cordova Outstanding Neighborhood Retail Destination: National tenants in the immediate area include Raley?s, ARCO am/pm, Capriotti?s, Chase Bank, Chevron, etc Affluent and High-Growth Demographics: Over 87,000 ppl within a 5-mile radius & average household incomes exceed $126,000 within a 1-mile radius Rancho Cordova is one of the Largest Office Hub/Employment Centers in the Region: 65,000 jobs & 3,500 businesses located in the city
Executive Summary
New Construction 15-Year Absolute NNN Ground Lease | 10% Increases Every 5 Years | Affluent Northern California Demographics ($126K AHHI)
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food
- Building Size 2,325
- Building Class B
- Year Built 2024
- Construction Status Proposed
- Price 4,590,000
- Price Per SF 1,974
- Cap Rate 4.25
- NOI 195,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 1.11 AC
Property Taxes
| Parcel Number | 067-2370-003 | Improvements Assessment | $357,399 |
| Land Assessment | $0 | Total Assessment | $357,399 |
| Date Created: | 2024-07-16 04:09:22 | Last Updated: | 2024-07-16 04:09:22 |
| Address: | 4001 Sunrise Blvd , Rancho Cordova, California, 95742 | ||