11111 Elk Grove Blvd Elk Grove, CA 95758
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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