5900 Florin Rd Sacramento, CA 95823-2303

Property Details for 5900 Florin Rd

Year built

1979

Construction

WOOD

Lot size

0.51 lot acres

Property size

1,901 SF

Zone code

LC

Property type

Drive through restaurants

APN

050-0480-011-0000

APU

5004800110000

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.

Location Insight

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

Property Tax & Assessments