9919 Kent St Elk Grove, CA 95624-1401

Property Details for 9919 Kent St

Year built

1990

Lot size

2.01 lot acres

Property size

6,900 SF

Zone code

LI

Property type

Warehouses

APN

134-0100-040-0000

APU

13401000400000

Description

This exceptional investment opportunity presents a brand-new, 15-year absolute NNN lease for a 7,773 square foot auto shop located at 9919 Kent St, Elk Grove, CA 95624. The property boasts a 6.00% cap rate and a substantial net operating income (NOI) of $150,000, with a 2% annual rent increase built into the lease. The single-tenant building, renovated in 2024, sits on a 1.99-acre lot and includes 56 parking spaces. The lease commenced on November 30, 2024, and expires November 29, 2039, with four, 5-year renewal options. The tenant, G&C Auto Body, is a well-established, multi-shop operation with a strong track record and significant market share in Northern California. The property benefits from a prime location near Highway 99 and numerous car dealerships in the Elk Grove Auto Mall, a rapidly growing area within the Sacramento metropolitan area, experiencing significant population and job growth fueled by major employers like Apple, Kubota, Amazon, and the State of California. This is a rare opportunity to acquire a high-performing, low-maintenance asset with a secure, long-term lease and significant upside potential. The property's strategic location, strong tenant, and favorable lease terms make it an ideal addition to any investment portfolio. The asking price is $2,500,000.