2009 N Street
2009 N Street Sacramento, California 95811 United States

$1,745,000
 Get directions
 
Very unique, single-tenant NNN investment opportunity in the heart of Midtown! Property is comprised of two structures on the same parcel: i) a 3,700 SF, three-story duplex located off N Street; and ii) a 2,200 SF repurposed shipping container...
$1,745,000
Change Currency
6,534 Sq Ft.
Interior
.15 Acres
Exterior
Single Family Homes
Property type
1907
Year Built
222003056
Web Id
222003056
MLS ID
Sacramento City Unified
School District
16
days ago

About 2009 N Street

Very unique, single-tenant NNN investment opportunity in the heart of Midtown! Property is comprised of two structures on the same parcel: i) a 3,700 SF, three-story duplex located off N Street; and ii) a 2,200 SF repurposed shipping container restaurant located off Matsui Alley. Entire property, including both residential units and the shipping container restaurant, is master-leased to Federalist Public House, a popular restaurant/bar that has occupied the property since 2014. Lease is triple net, with the Tenant paying for ALL operating expenses and maintenance/repair to the property (except for the duplex roof). New five-year lease with large annual increases signed in Q4 2020. Current monthly rent is $8,000/NNN, which equates to a 5.5% capitalization rate on actual income. Rent increases to $8,750/NNN in year 3, $9,250/NNN in year 4, and $9,750/NNN in year 5. Seller recently completed approx. $100k in section 1&2 pest work. You will not find this return anywhere in the urban core!

Listing Courtesy of Ken Turton, Broker

Amenities

  • Dishwasher

features

Style
Craftsman

PROPERTY INFORMATION

Appliances
Free Standing Gas Oven, Gas Water Heater, Built-In Gas Range, Built-In Refrigerator, Dishwasher
Cooling
Central
Heating
Central
Parking Description
Street
Sewer
Public Sewer
Water
Public

EXTERIOR

Lot Description
Other
Roofing
Composition

INTERIOR

Flooring
Wood
Interior Features
Storage Area(s)
Listing Courtesy of Ken Turton, Broker

METROLIST MLS

Listing Courtesy of Ken Turton, Broker
Contact Agent