4332 Watt Ave, North Highlands, CA 95660

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.

The subject property is strategically located at the signalized, hard corner intersection of Watt Avenue and off ramp access from Interstate 80, averaging 80,000 vehicles passing by daily. Interstate 80 (220,500 VPD) is a heavily traveled cross-country commuter thoroughfare and the primary route for travelers going to/from Sacramento and San Francisco. The property is equipped with a large monument sign and features significant street frontage, creating excellent visibility along Watt Avenue. In addition, the asset is located 0.5 miles south of a Walmart Supercenter (118,000 SF), a premium big box retailer that significantly increase consumer draw to the immediate trade area and promote crossover store exposure for the site. Other nearby national/credit tenants include Grocery Outlet, T.J. Maxx, Trader Joe’s, Ross Dress for Less, Sprouts, Walmart Neighborhood Market, and more, further increasing exposure and consumer draw for the asset. Additionally, the subject property is directly adjacent to offices of both the Internal Revenue Service (145,000 SF) and the US Drug Enforcement Administration (38,000 SF), providing a convenient dining/coffee option for current employees. Moreover, the site is within close proximity to multiple housing communities including Courtyards on Orange Grove (92 units), Amber Park Apartments (122 units), and Sierra Park Townhomes (104 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by a population of more than 370,000 residents and 113,000 daytime employees with an average household income of $102,511.