4332 Watt Ave North Highlands, CA 95660
- Retail properties
- 4,500 SF
- 0.46 lot acres
Current Use by Public Records
- Famous Louisana Fried Chicken / Restaurant
- Starbucks / Breakfast Restaurant / Cafe
Property Details for 4332 Watt Ave
- Year built
- 2006
- Lot size
- 0.46 lot acres
- Property size
- 4,500 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional retail investment property in North Highlands, CA, presents a compelling opportunity. The 4,500 square foot, fee-simple property boasts a 5.21% cap rate and a strong net operating income (NOI) of $145,964. Located at the signalized intersection of Watt Avenue and with direct access to Interstate 80 (220,500 VPD), this property benefits from high visibility and significant daily traffic. The three tenants, including a Starbucks with a drive-thru, operate under triple-net (NNN) leases, minimizing landlord expenses. Starbucks recently completed over $1.2 million in renovations, demonstrating a long-term commitment. The property sits on a 0.46-acre lot with 38 parking spaces and is strategically positioned near a Walmart Supercenter, other national retailers (including T.J. Maxx, Trader Joe's, and Ross), and major employers like the IRS and DEA, ensuring a robust customer base. The 5-mile trade area boasts a population exceeding 370,000 residents and 118,000 daytime employees, with an average household income of $91,499. Built in 2006, this property is zoned for retail commercial use and offers excellent potential for long-term growth and stable returns. The property's APN is 240-0232-063-0000. Asking price is $2,800,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Highlands
- County
- Sacramento
- State
- California
- Longitude
- -121.383
- Latitude
- 38.6441
