417427 Broadway, Sacramento CA 95818 | $1,100,000
Listing provided courtesy of Kelly Rivett of Cornish & Carey Commercial. Last updated 2026-03-27 08:49:57.000000. Listing information © 2026 SANDICOR.
Newmark, as the exclusive advisor, is pleased to present a Pride of Ownership modified leased investment located at 417-427 Broadway, situated in one of Sacramentos most vibrant and electric commercial corridors. Priced at $1,100,000, this opportunity offers a 5.7% Cap Rate and features approximately 80 feet of prime Broadway frontage. The property is anchored by the iconic Jamies Broadway Grille, a local culinary staple providing a stable income stream with 4.5 years remaining on the current lease term. The investment is further strengthened by 3.5% annual rent increases and a five-year option to extend at fair market value, ensuring consistent hedge against inflation and long-term appreciation. The asset is perfectly positioned to capitalize on the massive transformation occurring along the Broadway corridor. With numerous mixed-use developments currently underway and the Broadway Complete Streets project nearing its 2026 completion, the area is evolving into a high-density, pedestrian-friendly hub. This property offers an investor the rare chance to acquire a stabilized, income-producing asset with significant intrinsic value land upside, located in a federal opportunity zone.
More Details
1 Story
Parking Spots: 31.00
Business Type: Bar/Tavern/Lounge
Business Type: Restaurant
Heating: Central
