2609 Riparian Drive
Closed Deal
2609 Riparian Drive, Elk Grove, CA 95757
Elk Grove
Use
Restaurant /
Lot Size
.83 acres
Lease or Sale
Sale,
Building Size
±2,726 SF
Sale Price
$2,900,000
Turton Commercial Real Estate is pleased to offer the sale of 2609 Riparian Drive/2609 W Taron Court, a highly trafficked, single-tenant, drive-thru Quick Service Restaurant (QSR) with a 10 year corporate guaranteed NNN ground lease in place with Carl’s Jr. The Subject Property is being offered at a purchase price of $2,900,000.00, representing a 4.2% capitalization rate on annual base rent.
This Carl’s Jr. boasts high traffic counts thanks to its strategic location directly off of the Interstate 5 highway (average vehicle count of 81,400 vehicles per day) along Elk Grove Blvd, which sees an average of 25,000 vehicles daily (per costar 2020 data).
Property Details
Brokers
Email
kenturton@turtoncre.com
Office
916.573.3300
Office
916.573.3316