Turton Commercial Real Estate is pleased to present the opportunity to purchase 866-870 57th Street (the “Property”), a triple net leased investment located in the heart of East Sacramento. The Property is currently occupied by two long-term tenants, each occupying a stand-alone building on the Property. Main Event Barbers has occupied a 1,100 square foot converted home since February 2019 and recently extended its lease term through April 2029. Porchlight Brewing Company, a local microbrewery, has occupied a 2,773 square foot warehouse flex building and the surrounding outdoor patio space since June 2017 and recently extended its lease term through April 2029. The two structures total approximately 3,873 square feet situated on a 10,220 square foot parcel of land.

The Property is being offered for $1,030,000 which equates to a 5.79% capitalization rate in the first year. Over the remaining three years of term, the average annual return is 6.02%, factoring in the scheduled rent increases.