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866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo
866-870 57th St, Sacramento, CA 95819 Photo

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866-870 57th St
Sacramento, CA 95819
$1,030,000
| 0.23 Acreage

866-870 57th Street is a 100% leased NNN investment located in the heart of East Sacramento. The Property is currently leased to two long-term tenants, each occupying a stand-alone building on the Property. Main Event Barbers has occupied a 1,100 square foot converted home since February 2019 and recently extended its lease term through April 2029. Porchlight Brewing Company, a local microbrewery and the only on-site brewing facility in East Sac, has occupied a 2,773 square foot flex warehouse building and the adjacent outdoor patio space since June 2017 and recently extended its lease term through April 2029. Both Tenants have made considerable financial investment to their respective buildings and have developed a strong fanbase among nearby residents. The two structures total approximately 3,873 square feet situated on a 10,220 square foot parcel of land, which also includes 7 on-site parking stalls. The average rent between both tenants is $1.28 per square foot, triple net, which is about 40% below the average market rent in the area. The current net operating income is $59,638 with both tenants paying their pro-rata share of operating expenses (including property tax increases) and utilities in addition to the base rent. The Property is being offered for $1,030,000 which equates to a 5.79% capitalization rate in the first year. Over the remaining three years of term, the average annual return is 6.02%, factoring in the scheduled rent increases.

Listed By / Presented By

Listed By

Agency Name: Ken Turton, Broker
Agent Name: Jon Lang
Agency Phone: 916-573-3300

Presented By

Agency Title: Chase International Real Estate
Agency Phone: 775.588.6130

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Contact a Chase Agent for More Information

Property Details

Property Type: Commercial - Retail
Cooling: Central
Heating: Central
Lot Size: 0.23 Acres
Roof Type: Shingle, Metal
Year Built: 1953
MLS ID: 226058351

Feature Descriptions

Building Features: 1 Restroom Per Unit,12 to 18 Ft Ceilings, Restroom(s)-Private, See Remarks
Days on Site: 23
Exterior: Tilt-Up, Wood
Flooring: See Remarks
Parcel#: 008-0083-023-0000
Parking: Private, Street, See Remarks
Sewer: Public Sewer
Units: 2
Utilities: Other
Water: Water District

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