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    6709 Watt Ave North Highlands, CA 95660

    Sponsored
    For Sale
    $1,638,000

    High-yield auto shop investment. Strong tenant.

    Property size:
    1,493 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee-simple ownership of a 1,493 square foot Jiffy Lube, operating under a corporate-guaranteed Absolute NNN lease. Located at 6709 Watt Ave, North Highlands, CA 95660, this single-story building sits on a 22,216 square foot lot and boasts a 5.75% cap rate with a current NOI of $94,200. The lease, expiring July 31, 2025, includes 3-5 year option periods with 2% annual rent increases, commencing August 1, 2025, at a new option rent of $96,084. A percentage rent clause of 5% of sales versus base rent is also included, paid quarterly. The tenant benefits from a 30-day first right of refusal. This strategically positioned property is part of a vibrant retail center anchored by Ross, Rite Aid, and Napa Auto Parts, with nearby national tenants including McDonald's, Taco Bell, Popeyes, Walgreens, Starbucks, and more. The property is zoned for auto repair (SPA) and was built in 1985. This prime location at the intersection of Watt Avenue and Elkhorn Boulevard offers excellent visibility and accessibility along two major traffic corridors. The asking price is $1,638,000, translating to $1,097.12 per square foot. This is a rare opportunity to acquire a stable, high-performing investment property with a strong tenant and significant upside potential.

    Property Features for 6709 Watt Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    1,493 SF

    Building Details

    Year Built
    1985
    Buildings
    1
    Stories
    1

    HighLights

    • Fee‑simple ownership of a 1,493 SF Jiffy Lube, located at 6709 Watt Ave, North Highlands, CA 95660.
    • Absolute NNN lease with corporate guarantee; 5.75% cap rate and $94,200 NOI.
    • Lease expires July 31, 2025, with 3‑5 year options and 2% annual rent increases.
    • Situated on a 22,216 SF lot in a vibrant retail center anchored by Ross, Rite Aid, and Napa Auto Parts, near other national tenants.
    • Asking price: $1,638,000 ($1,097.12/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Jiffy Lube Oil Change Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Highlands
    County
    Sacramento
    State
    California
    Longitude
    -121.38351327297
    Latitude
    38.688813282691

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    FAQs

    What type of property is this?
    Automotive property - High-yield auto shop investment. Strong tenant.
    Where is this automotive property located?
    The property is located at 6709 Watt Ave North Highlands, CA.
    What is the asking price?
    The asking price for this property is $1,638,000.
    What are key features of this property?
    This property features: Fee-simple ownership of a 1,493 SF Jiffy Lube, located at 6709 Watt Ave, North Highlands, CA 95660.; Absolute NNN lease with corporate guarantee; 5.75% cap rate and $94,200 NOI.; Lease expires July 31, 2025, with 3-5 year options and 2% annual rent increases.
    Request Owner's contact information
    6709 Watt Ave North Highlands, CA 95660
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    North Highlands, CA 95660
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6709 Watt Ave North Highlands, CA 95660
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