2300 Longport CT

Laguna Gateway offers investors an opportunity to acquire a fully leased, three-tenant NNN retail asset anchored by a high-performing Starbucks drive-thru location in one of Elk Grove’s strongest commuter corridors. The ±4,572 SF building sits on a ±0.59-acre parcel with dedicated on-site parking and benefits from consistent daily traffic generated by surrounding retail, lodging, and employment centers.

The tenant mix provides daily-needs service retail supported by morning, daytime, and evening demand drivers. Starbucks recently completed an estimated $500,000 interior renovation (2023), reinforcing long-term commitment to the site. The Starbucks lease includes four remaining 5-year extension options with structured 10% increases, providing long-term income durability and inflation hedge potential.

Located just off Interstate 5 via Laguna Boulevard, the property captures strong commuter flow between Sacramento, South Sacramento, and Elk Grove residential neighborhoods. The surrounding trade area includes national retailers, quick-service restaurants, hotel uses, and major employment drivers including Apple’s Elk Grove campus.

With a manageable footprint, stabilized cash flow, and NNN lease structure, the asset fits 1031 exchange buyers, passive investors, and private capital seeking steady income without intensive management demands.