9919 Kent StElk Grove, CA 95624

Property Details for 9919 Kent St

Year built

1990

Lot size

2.01 AC

Property size (Sq ft)

6,900 SF

Zone code

LI

Property type

Industrial properties

Property subtype

Other warehouses

APN

134-0100-040-0000

APU

13401000400000

Description

This exceptional investment opportunity presents a brand-new, 15-year absolute NNN lease for a 7,773 square foot auto shop located at 9919 Kent St, Elk Grove, CA 95624. The property boasts a 6.00% cap rate and a substantial net operating income (NOI) of $150,000, with a 2% annual rent increase built into the lease. The single-tenant building, renovated in 2024, sits on a 1.99-acre lot and includes 56 parking spaces. The lease commenced on November 30, 2024, and expires November 29, 2039, with four, 5-year renewal options. The tenant, G&C Auto Body, is a well-established, multi-shop operation with a strong track record and significant market share in Northern California. The property benefits from a prime location near Highway 99 and numerous car dealerships in the Elk Grove Auto Mall, a rapidly growing area within the Sacramento metropolitan area, experiencing significant population and job growth fueled by major employers like Apple, Kubota, Amazon, and the State of California. This is a rare opportunity to acquire a high-performing, low-maintenance asset with a secure, long-term lease and significant upside potential. The property's strategic location, strong tenant, and favorable lease terms make it an ideal addition to any investment portfolio. The asking price is $2,500,000.

• Alternative Use

  Use

  Valuation

  Residential

  $1,328,643

  Hospitality

  $1,217,030

  Educational

  $1,012,554

  Medical

  $1,047,378

  Retail

  $1,575,085

Location Insight

City

Elk Grove

County

Sacramento

State

California

Latitude

38.3987

Longitude

-121.354

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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