3409 Arden Way Sacramento, CA
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NNN leased investment with long-term ground lease and rent increases.
Type:RETAIL
Property size:
3,670 SFLot size:
0.56 AcresPrice / SF:
$606/SF- Added:
- Dec 21, 2023
- Days on Market:
- 861
- Last Refresh:
- Apr 5 at 10:34 pm
Property Features for 3409 Arden Way
General Information
- Standard status
- Active
- Size
- 3,670 SF
- Lot size
- 0.56 Acres
- Property subtype
- RETAIL
Listing agent Carter Lear License #02038417 (916) 218-5498
Listing office Newmark | Sacramento (916) 218-5498
Listing date Dec 21, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Sacramento
Overview
NNN Leased Investment Opportunity
This property presents a NNN leased investment opportunity with a landlord-friendly, long-term lease structure that minimizes landlord obligations. The property benefits from an upcoming rent increase, projected to add 10% to the net income payable. Situated in a prime location, the site experiences high traffic volume, with 44,000 average daily traffic on Arden Way and 38,000 average daily traffic on Watt Avenue. The tenant, a Dave’s Hot Chicken franchisee, is the exclusive operator in the Sacramento MSA, with multiple locations. Dave’s Hot Chicken is recognized as one of the fastest-growing fast-casual restaurant brands nationally and was recently acquired by Roark Capital, a $37 billion private equity asset manager. The location benefits from strong demographics, including a daytime population exceeding 90,000. The property has approximately 40 years remaining on a 100-year ground lease, expiring in July 2065, with the option to extend. The current annual ground rent is $31,500 through August 2026. The property size is 3,670 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dave's Hot Chicken
Restaurant
Burger King
Restaurant
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.385
- Latitude
- 38.5962
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - NNN leased investment with long-term ground lease and rent increases.
Where is this drive through restaurant located?
The property is located at 3409 Arden Way Sacramento, CA.
What is the asking price?
The asking price for this property is $2,225,384.
What are key features of this property?
This property features: Long‑term NNN lease with minimal landlord obligations.; Upcoming **10% rent increase** for Dave's, boosting net income.; **High‑traffic location** with 44,000 ADT on Arden Way and 38,000 ADT on Watt Ave.
