Current Use by Public Records
- Commercial real estate
Property Details for 11111 Elk Grove Blvd
- Year built
- 2023
- Property type
- Commercial real estate
Description
Prime Elk Grove, CA location in a busy shopping center anchored by Raley's and Starbucks, ensuring high foot traffic. This thriving 1,172 square foot business, built in 2023, is offered at $99,000. The current owner invested over $280,000 in tenant improvements. The lease has a remaining term of approximately 2.2 years, expiring February 11, 2027, with a 3% annual rent increase. Current rent is $3,423 plus NNN. The shop is currently franchised but can be converted to a different concept with franchisor approval, presenting a unique opportunity for a new owner to establish their own brand or continue with the existing model. This is an assets-only sale, representing a compelling investment opportunity in a high-demand market. The business is ready for immediate operation, offering a turnkey solution for an entrepreneur seeking a profitable venture. The property's location within a successful shopping center guarantees excellent visibility and accessibility, maximizing potential for customer engagement and revenue generation. This is a rare chance to acquire an established business with significant upside potential in a desirable California market. The asking price of $99,000 represents a strong value proposition, considering the substantial investment already made in tenant improvements and the prime location.
Value Estimations
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elk Grove
- County
- Sacramento
- State
- California
- Longitude
- -121.48
- Latitude
- 38.4278
