1409 R St - Storefront Retail/Residential FOR SALE


Sacramento, CA 95811- Richmond Grove
$8,650,000 USD
916-573-3300
1409 R St, Sacramento, CA for Sale
$8,650,000 USD
Storefront Retail/Residential - FOR SALE
1/36
null | 6% Cap Rate

1409 R St
Sacramento, CA 95811
Richmond Grove


HIGHLIGHTS

  • Fully leased NNN urban retail asset located in Sacramento’s most established and consistently performing food and beverage corridor
  • Strong R Street fundamentals supported by surrounding residential density, nightlife, and sustained demand for experiential retail
  • Proven tenant stability with long-standing, locally established restaurant operators and minimal historical turnover
  • Substantial capital improvements completed, including seismic retrofit and modernized building systems, reducing future ownership risk
  • Favorable operating cost structure with estimated NNN expenses of ~ $1.01/SF/month, materially below comparable urban retail assets
  • Location directly adjacent to Ace of Spades, a major live-music venue driving consistent evening and weekend activity along R Street

OVERVIEW

1409 R Street represents a rare opportunity to acquire a fully leased NNN retail investment in the heart of Downtown Sacramento’s most celebrated entertainment district. Positioned along the thriving R Street Corridor—widely regarded as the city’s most dynamic blend of culinary, culture, and creativity—this asset delivers both stability and long-term upside within one of the region’s most vibrant pedestrian environments. The property is a three-tenant retail condominium occupied by some of Sacramento’s most acclaimed operators: Shady Lady Saloon, BAWK! by Urban Roots, and Burgers & Brew. Each brand is deeply rooted in the city’s food and beverage identity, consistently drawing destination traffic and loyal local followings. Their reputations as market-leading concepts provide the new owner with a secure and durable income stream. This section of R Street has evolved into a magnet for experiential retail, entertainment, nightlife, and neighborhood-serving amenities, supported by high-density residential growth and creative-office conversions. The district continues to attract regional and national attention as one of Sacramento’s flagship placemaking success stories, benefitting from walkability, light-rail connectivity, and close proximity to Golden 1 Center, DOCO, and the balance of Sacramento’s urban core. Strong leasing fundamentals and limited small-format retail inventory further elevate the scarcity value of this asset. Retail (and specifically restaurant) space along R Street is in high demand, with highly competitive tenant retention and minimal turnover from established operators. This positioning ensures continuity of tenant performance and ongoing landlord leverage in future negotiations. Featuring six exclusive on-site parking stalls and efficient building systems within a modern construction envelope, the property requires minimal ongoing capital needs. Its corner positioning, prominent visibility, and synergy with the surrounding district create a stable and highly liquid investment profile—one that aligns with the growing institutional focus on urban-core retail tied to entertainment and experiential food and beverage concepts.

FOR SALE DETAILS

PRICE

$8,650,000 USD

PRICE/SF

$409 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,509 SF

ZONING

RMX-SPD

APN/PARCEL ID

006-0287-020-0001,006-0287-020-0002,006-0287-020-0005

ASK ABOUT THIS PROPERTY

Ken TurtonTurton Commercial Real EstateMore Info
916-573-3300

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Ken TurtonTurton Commercial Real EstateMore Info
916-573-3300

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