1221 19th St - Restaurant FOR SALE


Sacramento, CA 95811- Midtown Sacramento
$1,225,000 USD
916-573-3316
1221 19th St, Sacramento, CA for Sale
$1,225,000 USD
Restaurant - FOR SALE
1/19
null | 6.42% Cap Rate

1221 19th St
Sacramento, CA 95811
Midtown Sacramento


HIGHLIGHTS

  • ±2,260 SF stand-alone restaurant investment in the heart of Midtown, Sacramento
  • Benefits from Handle District’s thriving dining scene at 19th & Capitol, surrounded by Zócalo, Paesano’s, Mulvaney’s, Chipotle, Jack’s, Alaro and more
  • Fully leased to Sunny Side Restaurant, a popular Asian American brunch concept with strong local following
  • Passive NNN lease structure with ±3.5 years remaining on initial term through April 30, 2029
  • Attractive 6.48% in-place return with 3% annual rental increases and two 5-year FMV extension options

OVERVIEW

Turton Commercial Real Estate is pleased to present for sale this centrally located stand-alone restaurant investment at 1221 19th Street, currently home to Midtown Sacramento’s beloved Sunny Side Restaurant. 1221 19th Street, herein referenced as “the Property”, is an approximately 2,260 square foot restaurant located in the heart of Midtown near the intersection of 19th and Capitol Avenue, surrounded by a bustling Midtown environment with neighboring restaurants such as Zocalo, Paesano’s, Mulvaneys, Chipotle, Jack’s Urban Eats, Alaro Craft Brewing, and more! The restaurant is currently leased to Sunny Side Restaurant, a local favorite Asian American brunch attraction, whose current lease in place provides an investor with an attractive 6.48% in place return against the purchase price of $1,225,000. Sunny Side’s lease also provides an investor with attractive annual 3% increases throughout the remainder of the lease term, a passive triple-net lease structure, and remaining term of approximately 3.5 years, with a lease expiration of April 30, 2029. Upon lease expiration, the Tenant has two 5-year lease extension options set at Fair Market Value, with annual 3% increases remaining. As such, it is very likely this Tenant and their thriving restaurant will continue operations in the building for the next 13 years, providing reliable income to its next owner. Don’t miss this opportunity to own an extremely reliable investment in the heart of Midtown.

FOR SALE DETAILS

PRICE

$1,225,000 USD

PRICE/SF

$542 USD /SF

CAP RATE

6.42%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C-2-NC

APN/PARCEL ID

007-0143-015

ASK ABOUT THIS PROPERTY

Jack ScurfieldTurton Commercial Real EstateMore Info
916-573-3316

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Jack ScurfieldTurton Commercial Real EstateMore Info
916-573-3316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.