1221 19th Street

Description

Turton Commercial Real Estate is pleased to present for sale this centrally located stand-alone restaurant investment at 1221 19th Street, currently home to Midtown Sacramento's beloved Sunny Side Restaurant. The Property consists of an approximately 2,260 SF restaurant located in the heart of Midtown near the intersection of 19th and Capitol Avenue, surrounded by a bustling environment with neighboring restaurants such as Zocalo, Paesano's, Mulvaneys, Chipotle, Jack's Urban Eats, Alaro Craft Brewing, and more! The restaurant is currently leased to Sunny Side Restaurant, a local favorite Asian American brunch attraction, whose current lease in place provides an investor with an attractive 6.48% in place return against the purchase price of $1,225,000. Sunny Side's lease also provides an investor with attractive annual 3% increases throughout the remainder of the lease term, a passive triple-net lease structure, and remaining term of approximately 3.5 years, with a lease expiration of April 30, 2029. Upon lease expiration, the Tenant has two 5-year lease extension options set at Fair Market Value, with annual 3% increases remaining, making this a very passive investment for years to come.