Legacy Law Firm NNN Property For Sale — Sacramento, CA · 9,600 SF
Sacramento, CA
Exceptional single-tenant triple net (NNN) investment portfolio located in the heart of Midtown Sacramento's urban core. The property consists of 9,600 SF occupied by an established legacy law firm tenant that has maintained continuous occupancy at the location for 47 years. Demonstrating strong ongoing commitment, the tenant recently extended the NNN lease for an additional 5-year term. The asset provides immediate stable cash flow with a 6.38% Year 1 cap rate and an attractive 6.77% average cap rate projected over the next 5 years, boasting a premier location with a 100 Walk Score.
- Address: Sacramento, CA
- Asking price $4.30M
- 6.38% cap rate
- NOI $274,340
- 5 years remaining
- NNN lease
- Building size: 9,600 SF
- Rent increases: 6.38% Year 1 cap rate escalating to an average of 6.77% over the next 5 years
- Guarantor: Corporate
Location
This Legacy Law Firm property is in Sacramento, California.
Asset type: Office