Newmark, as the exclusive advisor, is pleased to present a “Pride of Ownership” modified leased investment located at 417-427 Broadway, situated in one
of Sacramento’s most vibrant and electric commercial corridors. Priced at $1,100,000, this opportunity offers a 5.7% Cap Rate and features approximately
80 feet of prime Broadway frontage. The property is anchored by the iconic Jamie’s Broadway Grille, a local culinary staple providing a stable income
stream with 4.5 years remaining on the current lease term. The investment is further strengthened by 3.5% annual rent increases and a five-year option
to extend at fair market value, ensuring consistent hedge against inflation and long-term appreciation.
The asset is perfectly positioned to capitalize on the massive transformation occurring along the Broadway corridor. With numerous mixed-use
developments currently underway and the Broadway Complete Streets project nearing its 2026 completion, the area is evolving into a high-density,
pedestrian-friendly hub. This property offers an investor the rare chance to acquire a stabilized, income-producing asset with significant “intrinsic value”
land upside, located in a federal opportunity zone and just one mile from the central business district and surrounded by the synergy of Sacramento’s