Leased Restaurant
417427 Broadway Sacramento, CA 95818
417427 Broadway, Sacramento, CA, 95818
$1,100,000
For Sale
$1,100,000
Modified leased restaurant with approximately 80 feet of Broadway frontage and Jamies Broadway Grille as anchor tenant.
Property Size4,876 SF
Price / SF$225.59
Days on Market150
Property Features for 417427 Broadway
General Information
- Standard status
- Active
- Size
- 4,876 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1937
Listing agency
Cornish & Carey Commercial
(408) 727-9600
Listed by
Kelly Rivett · License #01249433
Source
Xome
Added: Feb 21 Updated: Jul 21 at 5:14AM Checked: Jul 21 at 5:14AM
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 Cornish & Carey Commercial
Investment Insights
Based on property information with market context.
Newmark presents a Pride of Ownership modified leased investment at 417-427 Broadway. The property is anchored by Jamies Broadway Grille, with approximately 4.5 years remaining on the current lease term. The lease structure includes 3.5% annual rent increases and a five-year option to extend at fair market value. The offering is presented with a 5.7% cap rate.
The asset benefits from approximately 80 feet of Broadway frontage in Sacramento’s commercial corridor. The Broadway Complete Streets project is nearing its 2026 completion, and the corridor is seeing multiple mixed-use developments underway. The property is also located in a federal opportunity zone.
The asset benefits from approximately 80 feet of Broadway frontage in Sacramento’s commercial corridor. The Broadway Complete Streets project is nearing its 2026 completion, and the corridor is seeing multiple mixed-use developments underway. The property is also located in a federal opportunity zone.
Key Highlights
- Modified leased restaurant at 417‑427 Broadway, Sacramento, anchored by Jamies Broadway Grille
- Approx. 80 feet of Broadway frontage with C‑4 zoning
- Jamies Broadway Grille lease has 4.5 years remaining; includes 3.5% annual rent increases
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.7k | $26.40 |
| − Vacancy | −$6.4k | −$1.32 |
| EGI | $122.3k | $25.08 |
| − OpEx | −$30.6k | −$6.27 |
| NOI | $91.7k | $18.81 |
4,876 SF · lease $26.40/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,718 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Modified leased restaurant with approximately 80 feet of Broadway frontage and Jamies Broadway Grille as anchor tenant.
Where is this conventional restaurant located?
The property is located at 417427 Broadway Sacramento, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Modified leased restaurant at 417‑427 Broadway, Sacramento, anchored by Jamies Broadway Grille; Approx. 80 feet of Broadway frontage with C‑4 zoning; Jamies Broadway Grille lease has 4.5 years remaining; includes 3.5% annual rent increases
