Listed by JLL - Sacramento, California
$2,295,000
10005/10007 Combie Rd
Details
APN 057-260-002-000
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,980
Net Rentable (SqFt) 2,980
Units 2
Cap Rate 5.71%
NOI $131,039
Occupancy 100%
Tenancy Multi
Brand/Tenant Starbucks
Lease Type NNN
Lease Term 10
Remaining Term 10
Rent Bumps Yes
Broker Co-Op Yes
Year Built 2006
Acreage 1.340
Zoning C2-SC-SP
Investment Type Stabilized
Tenant Credit Credit Rated, Corporate Guarantee
Occupancy Date 07/13/2006
Ground Lease No
Ownership Fee
Retail | 5.71% CAP | 2,980 SqFt
Marketing description
Two tenant net leased investment at the intersection of Highway 49 and Combie Rd., Auburn, CA.
Starbucks recently executed a 10 year lease renewal at market rent. Starbucks is on a NNN lease with landlord responsible for roof and structure. 10% base rent increases every 5 years.
El Agave is a local restaurant operator that has been a tenant since 2016. 3% annual rent increases. Tenant is on a MG gross lease at below market rent, creating a value add opportunity.
See OM for details. Email [email protected] with questions
Investment highlights
- Long term stability with Starbucks recently executing a 10 year lease extension.
- Value add with below market rent from El Agave
- Proven operating history (Starbucks original lease date is 2006, El Agave original lease date is 2016)
Listing Contacts
Listed by JLL - Sacramento, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$131,039.00
$10,919.92/mo
Valuation Metrics
0
DSCR
5.71%
Cap Rate
5.71%
ROI
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