3409 Arden Way - Fast Food FOR SALE


Sacramento, CA 95825- Outer Arden-Arcade
$2,450,000 USD
916-367-6343
3409 Arden Way, Sacramento, CA for Sale
$2,450,000 USD
Fast Food - FOR SALE
1/12
null | 6.46% Cap Rate

3409 Arden Way
Sacramento, CA 95825
Outer Arden-Arcade


HIGHLIGHTS

  • Strong Demographics with over 90,000 Daytime Population.
  • +/-40 Years Remaining on 100 Year Ground Lease Expiring July 2065 (Extendable).
  • Current Annual Ground Rent: $31,500 thru August 2026

OVERVIEW

Motivated Seller Landlord Friendly Lease: Long Term NNN Lease structure with minimal landlord obligations. Value Proposition: Upcoming Dave’s rent increase will add 10% to their net income payable. Prime Location: High Traffic Site with 44,000 ADT on Arden Way and 38,000 ADT on Watt Ave. Multi-Tenant Operator: Dave’s franchisee is the exclusive operator in Sacramento MSA including __ other locations. Brand Popularity: Dave’s Hot Chicken is one of the fastest-growing fast-casual restaurant brands in the nation Brand Stability: Dave’s Hot Chicken recently acquired by $37b private equity asset manager, Roark Capital.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$668 USD /SF

CAP RATE

6.46%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

Commercial

APN/PARCEL ID

279-0253-014

ASK ABOUT THIS PROPERTY

Jordan AllevaNewmarkMore Info
916-367-6343

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

Jordan AllevaNewmarkMore Info
916-367-6343

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