5900 Florin Rd, Sacramento, CA 95823-2303
- Drive through restaurants
- 1,901 SF
- 0.51 lot acres
Current Use by Public Records
- Krispy Kreme / Bakery / Discount Store
Property Details for 5900 Florin Rd
- Year built
- 1979
- Construction
- WOOD
- Lot size
- 0.51 lot acres
- Zone code
- LC
- Property type
- Drive through restaurants
- APN
- 050-0480-011-0000
- APU
- 5004800110000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 8, 2025 | — | Bismarck Properties LLC | Del Taco LLC | Quitclaim Deed · related | — |
| Apr 24, 2025 | $1,985,000 | Bismarck Properties LLC | Wks Krispy Kreme LLC | Grant Deed | $1.1M · Bay Commercial Bank |
| Feb 15, 2023 | $1,400,000 | W K S Krispy Kreme LLC | Florin LLC | Grant Deed | — |
| Dec 9, 2021 | — | Florin LLC | — | Deed · related | $460k · East West Bank |
| Sep 21, 2021 | $700,000 | Florin LLC | Ejm Properties INC | Grant Deed | — |
| Jun 6, 2012 | $430,000 | Ejm Properties INC | Durand,gorry P | Grant Deed | — |
| Jun 6, 2012 | — | Gorry P Durand | Gorry,philippe D | Quit Claim Deed · related | — |
| — | — | Del Taco INC | — | Deed Of Trust · related | — |
Description
This exceptional investment opportunity presents a 1,901-square-foot Krispy Kreme franchise in Sacramento, CA, situated on a 0.51-acre lot. The property boasts a brand-new 15-year absolute NNN lease with a prominent franchisee, the largest domestic operator of Krispy Kreme, offering significant long-term stability. The lease includes four, 5-year renewal options with 10% rent increases every five years, ensuring consistent income growth. Built in 1979 and renovated in 2013, the property features 18 parking spaces and enjoys 100% occupancy. The current net operating income (NOI) is $120,750, representing a 5.75% cap rate and a price per square foot of $1,104.68. This location benefits from its prime position directly across from the 480,455-square-foot Florin Towne Centre, a major shopping center anchored by national retailers. Furthermore, it's the only Krispy Kreme in Sacramento, with the nearest competitors located 27 and 38 miles away, ensuring minimal competition. The Sacramento MSA, with a population of 2.5 million, offers a robust and diverse economy, including a strong government sector, healthcare, education, and a growing technology industry. This sale-leaseback presents a compelling investment opportunity with exceptional long-term potential and minimal landlord responsibilities. The asking price is $2,100,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,480,000
- ML approach
- $1,465,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,649,000
Market price range: $476k - $1.65M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.436
- Latitude
- 38.4958
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
