Property Details for 6709 Watt Ave

Year built

1985

Construction

TILT-UP CONCRETE

Lot size

0.51 lot acres

Property size

1,493 SF

Zone code

SPA

Property type

Auto shops

APN

208-0153-015-0000

APU

20801530150000

Description

This exceptional investment opportunity presents a fee-simple ownership of a 1,493 square foot Jiffy Lube, operating under a corporate-guaranteed Absolute NNN lease. Located at 6709 Watt Ave, North Highlands, CA 95660, this single-story building sits on a 22,216 square foot lot and boasts a 5.75% cap rate with a current NOI of $94,200. The lease, expiring July 31, 2025, includes 3-5 year option periods with 2% annual rent increases, commencing August 1, 2025, at a new option rent of $96,084. A percentage rent clause of 5% of sales versus base rent is also included, paid quarterly. The tenant benefits from a 30-day first right of refusal. This strategically positioned property is part of a vibrant retail center anchored by Ross, Rite Aid, and Napa Auto Parts, with nearby national tenants including McDonald's, Taco Bell, Popeyes, Walgreens, Starbucks, and more. The property is zoned for auto repair (SPA) and was built in 1985. This prime location at the intersection of Watt Avenue and Elkhorn Boulevard offers excellent visibility and accessibility along two major traffic corridors. The asking price is $1,638,000, translating to $1,097.12 per square foot. This is a rare opportunity to acquire a stable, high-performing investment property with a strong tenant and significant upside potential.

Location Insight

City

North Highlands

County

Sacramento

State

California

Longitude

-121.383

Latitude

38.689

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments