For Sale
$2,025,000

2419 K StSacramento, CA 95816

6,395 SF Retail Building, 6.40% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 6,395 square foot retail building, located at 2419 K Street in the vibrant Midtown Sacramento market, presents a compelling owner-user or investment opportunity. Currently 100% occupied by a nationally recognized tenant, Trek Bicycle, under a lease expiring October 30, 2025, with a five-year renewal option, this property offers a secure income stream and significant upside potential. Built in 1948 and extensively renovated in 2019, the building boasts excellent visibility and four on-site parking spaces—a valuable amenity in this high-traffic area. The C-2 SPD zoning allows for a variety of uses. The current tenant's base rent is approximately 20% below current market rates in Midtown, providing substantial rental growth potential. If the renewal option is exercised, the base rent will be $10,824.32 per month, increasing by 2% annually. This translates to a 6.40% capitalization rate on the asking price of $2,025,000 ($316 per square foot). The property's prime location benefits from high foot traffic, diverse demographics, and a thriving business community. This turn-key property is ready for immediate occupancy or customization to suit your business needs. The property's APN is 007-0101-010. This is a rare opportunity to acquire a well-maintained, income-producing asset in a highly desirable location.

Highlights

  • National brand tenant, Trek Bicycle, with lease expiring October 31, 2025, option to renew to October 31, 2030.
  • Midtown Sacramento location offering strong rental growth potential.
  • Long-term lease providing secure income stream through October 31, 2030 (with option exercised).
  • Well-maintained building with excellent visibility and on-site parking.
  • Below-market rent: approximately 20% below current market rates.
  • If option exercised, rent will be $10,824.32/month with 2% annual increases, yielding a 6.4% capitalization rate at a $2,025,000 purchase price.

Property Details for 2419 K St

Property type
Retail properties
Square Feet
6,395 SF
Year Built/Renovated
1948/2019

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.574275
Longitude
-121.4740611
2419 K St, Sacramento, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2419 K St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message