2300 Longport Ct - Freestanding FOR SALE


Elk Grove, CA 95758- Outer Elk Grove
$2,495,000 USD
916-705-8132
2300 Longport Ct, Elk Grove, CA for Sale
$2,495,000 USD
Freestanding - FOR SALE
1/8
null | 6% Cap Rate

2300 Longport Ct
Elk Grove, CA 95758
Outer Elk Grove


HIGHLIGHTS

  • Starbucks drive-thru anchor delivering daily traffic from morning through evening
  • Long-term Starbucks lease structure with options extending potential occupancy to 2047
  • Recent $500K Starbucks remodel (2023) showing continued tenant investment
  • 100% leased NNN structure supporting predictable income and reduced landlord expense exposure
  • Diversified tenant mix including food service and personal care uses that support steady demand
  • Positioned just off I-5 capturing regional commuter and hotel traffic

OVERVIEW

Starbucks-anchored, fully leased retail investment offering stable in-place income and long-term tenant security in one of Elk Grove’s strongest retail corridors. The asset is structured as a NNN investment, allowing for predictable cash flow with minimal landlord management responsibilities. The property is 100% occupied by a complementary mix of national and service-oriented tenants, providing diversified revenue streams and consistent daily customer activity. Starbucks recently completed an estimated $500,000 interior remodel (2023), reinforcing long-term commitment to the location. The Starbucks lease includes four remaining 5-year extension options, potentially extending occupancy through February 2047 with scheduled 10% rental increases every five years. Located just off Interstate 5 near Laguna Blvd, the site benefits from strong commuter exposure, surrounding national retailers, nearby hotels, and a major employment base including Apple’s Elk Grove campus. The building size and lot configuration create an efficient, easy-to-manage investment footprint that appeals to both private and exchange buyers seeking stabilized retail income. At the offered price, the property delivers approximately a 6.1% cap rate based on current financials.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$553 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

TC

APN/PARCEL ID

119-1970-019,119-1970-020

ASK ABOUT THIS PROPERTY

Chase BurkeROME Real Estate GroupMore Info
916-705-8132

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Chase BurkeROME Real Estate GroupMore Info
916-705-8132

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