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Restaurant Condo For Sale • 1,636 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit 2 | Retail | 1,636 SF | $980,000 USD | |
DescriptionNNN leased restaurant condominium available for sale within Main Street Plaza in Elk Grove. This offering represents an opportunity to acquire an income-producing, fully built-out restaurant suite rather than the entire retail building. Suite #2 consists of approximately 1,636 square feet of interior restaurant space, plus an adjacent ±1,050 square foot outdoor patio area designed to enhance customer experience and visibility. Patio area is not included in the building square footage calculation. The suite is currently leased to a popular, locally owned dining concept, providing immediate cash flow in a strong Laguna Blvd retail corridor location. Sale Notes• Sale Price: $980,000 ($599 PSF based on interior suite only) • Cap Rate: 6.5% • Annual Base Rent: $63,660 + NNN reimbursements • Rent Increases: 4% annually • Lease Expiration: August 14, 2028 • Renewal Option: One (1) five-year option at Fair Market Rent • Fee-simple ownership of individual commercial condo unit • Stabilized income stream with structured annual increases • Established restaurant tenant with strong local following and brand recognition • Located within a high-traffic, signalized commercial corridor near major employment drivers |
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Main Street Plaza is positioned at the signalized intersection of Laguna Blvd and Laguna Main Street, serving a dense residential population and strong daytime employment base. The center benefits from consistent daily traffic flow, monument signage exposure, and proximity to major corporate campuses and regional retail amenities. The subject suite is built out for restaurant use and includes a Type I hood system, grease interceptor, cold storage, and dual restrooms. The adjacent patio expands operational flexibility for outdoor dining, events, and extended seating capacity, supporting strong customer engagement and brand presence along the frontage. Surrounding demographics support food and beverage operators with approximately 85,000 residents within three miles and average household income exceeding $120,000.
| Income-Producing Condo Ownership |
| Turn-Key Restaurant Infrastructure |
| Outdoor Patio Advantage |
| High-Traffic Signalized Location |
| Strong Demographics & Employment Drivers |
| Established Local Tenant Presence |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Sacramento International | 31 min | - | 23.3 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 30 |
| Type: | Surface |
| Included in Rent: | Yes |
Chase Burke
ROME Real Estate Group
Chase Burke
ROME Real Estate Group
