767 Ikea Ct West Sacramento, CA 95605-1664
- Retail space
- 10,570 SF
- 1.51 lot acres
Mar 08, 2024
Current Use by Public Records
- Beach Hut Deli / Deli / Sandwich Shop
- Manchuria Hakka Cuisine / Restaurant / Chinese Restaurant
- T4 Tea 4 / Bubble Tea Store / Tea House
- We Fix It Phone Repair / Mobile Phone Repair Shop / Electronics Repair Shop
- Electrify America Charging Station / Electric Vehicle Charging Station
Property Details for 767 Ikea Ct
- Year built
- 2008
- Construction
- WOOD
- Lot size
- 1.51 lot acres
- Property size
- 10,570 SF
- Property type
- Retail space
- APN
- 014-793-073-000
- APU
- 14793073000
Description
This exceptional investment opportunity presents a thriving T-4 franchise boba and snacks shop located at 767 Ikea Ct, West Sacramento, CA 95605. The 1,200 square foot Class A retail space, built in 2008, benefits from a highly desirable C-2 zoning. Currently operating under a NNN lease with a remaining term of approximately 3.9 years (expiring October 1, 2028), with a 10-year initial lease commencing October 1, 2018, and 5-year renewal options. The property features over $300,000 in tenant improvements, including a fully equipped kitchen with a grease trap, and a complete sprinkler system, making it ideal for a variety of food service businesses. The strategic location near Ikea and a Super Walmart ensures high foot traffic and visibility. The lease includes annual rent bumps of 3%, providing consistent income growth. This single-unit property is a turnkey operation ready for a new owner to step in and continue its success. The asking price is $199,999. This is a rare chance to acquire a well-established, profitable business in a prime location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,195,000
- ML approach
- $5,195,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,411,000
Market price range: $871k - $6.35M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- West Sacramento
- County
- Yolo
- State
- California
- Longitude
- -121.551
- Latitude
- 38.5893
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA