Main Street Plaza – NNN Leased Restaurant Condo Investment
NNN Leased Restaurant Condo | 6.5% Cap | Signalized Laguna Blvd Corner
Marketing description
Main Street Plaza offers investors the opportunity to acquire a stabilized, NNN leased restaurant condominium unit (not the entire building) located at the signalized intersection of Laguna Blvd and Laguna Main Street in Elk Grove. The offering consists of an approximately 1,636 SF restaurant condo plus exclusive use of an adjacent ±1,050 SF outdoor patio, enhancing customer experience and brand exposure without being included in building square footage calculations.
The space is fully built out for restaurant operations, featuring a Type I hood system, grease trap, cold storage, and dual restrooms, allowing for seamless continued operation. The property is currently leased to StreetZlan, a locally recognized, chef-driven restaurant with strong social media presence and consistent customer traffic.
Positioned steps from Apple’s Elk Grove campus and surrounded by dense residential growth, strong household incomes, and daily commuter traffic, the property provides dependable passive income with contractual rent growth and future upside through renewal at market rates.
Investment highlights
Condo Ownership Structure
• Sale includes single restaurant condominium unit only — not entire retail building
• Clear investment profile with defined operating expense pass-through structure
Stabilized NNN Income
• Annual Rent: $63,660 + NNN
• 4% Annual Rent Increases
• Lease Expiration: August 14, 2028
• One (1) Five-Year Renewal Option at FMV
Strong Corner Location & Traffic Exposure
• Signalized intersection at Laguna Blvd & Laguna Main St
• ±51,882 vehicles per day along Laguna Blvd corridor
• Monument signage along major commuter route
Turnkey Restaurant Infrastructure
• Type I hood system, grease trap, cold storage
• Two restrooms
• Large exclusive-use patio supporting expanded seating and events
High-Quality Tenant Draw (StreetZlan)
• 16,000+ Instagram followers and strong local brand recognition
• High-energy concept driving repeat visits and destination traffic
• Active events, catering, and weekend programming
Apple Elk Grove Employment Anchor
• Located near major Apple employment facilities
• Consistent daytime population supporting F&B demand
Affluent Trade Area Fundamentals
• ±85,000 residents within 3 miles
• ±$120K average household income
Zoning
• LC (Light Commercial) – City of Elk Grove
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