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$1,225,000
Est. payment /mo
3,202 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225138256
HOA Y/N No
Year Built 1920
Lot Size 3,202 Sqft
Acres 0.0735
Property Sub-Type Retail
Source MLS Metrolist
Property Description
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. The Property consists of an approximately 2,260 SF restaurant located in the heart of Midtown near the intersection of 19th and Capitol Avenue, surrounded by a bustling 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, making this a very passive investment for years to come.
Location
State CA
County Sacramento
Area 10811
Direction down 19th street towards capitol. Left side past mulvaney's
Location Details Downtown
Interior
Heating Ductless
Cooling Ductless
Flooring Tile, Concrete
Exterior
Parking Features Street
Utilities Available Above Ground, Separate Gas Meter, Sewer Connected
Water Access Desc Public
Roof Type Flat
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 007-0143-015-0000
Special Listing Condition Probate Listing
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Listed by Ken Turton, Broker
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