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Multi-Tenant Investment Opportunity 11299 San Pablo Ave 101,101 SF 98% Leased Retail Building El Cerrito, CA 94530 $9,500,000 ($93.97/SF) 7.15% Cap Rate
Investment Highlights
- Del Norte Plaza - an outdoor mall comprised of retail, restaurant, and service commercial tenants
- 11 electric charger stations available in parking lot in safe location
- Close proximity of many national tenants including nearby Safeway, Home Depot, Harbor Freight, Walgreen’s, and Starbucks
- Parcel includes 50 parking spaces in large parking lot with 2 curb cuts onto busy San Pablo Avenue (State Route 123)
- At signalized, hard corner intersection of Potrero Avenue and San Pablo Avenue (59,000 VPD); nearby access to I-80 (208,000 VPD)
Executive Summary
Positioned at the signalized hard corner of San Pablo Avenue (State Route 123) and Potrero Avenue, the property benefits from approximately 198 feet of frontage along a major commercial corridor with traffic counts reported at approximately 59,000 vehicles per day. The site includes a large surface parking field with approximately 50 parking spaces, 11 electric vehicle charging stations, and two curb cuts providing convenient ingress and egress.
The location offers direct connectivity to Interstate 80, which carries approximately 208,000 vehicles per day, providing access throughout the San Francisco Bay Area. The property is located near both El Cerrito Plaza and Del Norte BART stations, supporting regional accessibility for customers and employees. Surrounding retailers and demand generators include Safeway, Home Depot, Harbor Freight, Walgreens, Starbucks, and the adjacent United States Post Office.
The surrounding trade area is supported by a substantial residential and employment base, with more than 200,000 residents within five miles and significant daytime employment concentrations throughout the East Bay. The combination of established tenancy, regional accessibility, consumer visibility, and a dense commercial setting positions Del Norte Plaza as a long-term retail investment opportunity within a mature Bay Area market.
Property Facts
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Car Charging Station
- Cafe
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Eye brow threading salon
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- -
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$9.99
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Lorem Ipsum
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Jan 0000
- Gina Beauty Supply
- Retailer
- -
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$9.99
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Lorem Ipsum
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Jan 0000
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- Finance and Insurance
- -
- -
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Lorem Ipsum
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Jan 0000
Centene began in 1984 as a small Medicaid health plan in Milwaukee and later adopted its current name in 1997. The company provides managed healthcare products and services through Medicaid, Medicare, and commercial plans, with a focus on government-sponsored healthcare and locally branded offerings. Centene has expanded through organic growth and acquisitions into a national healthcare enterprise with a broad presence across the United States. The business works with members, providers, state governments, and families while emphasizing access to affordable, quality-focused care. Its verticals include Medicaid managed care, Medicare Advantage, and marketplace coverage, along with related health solutions that support individuals and families.
- Sunny Day & Spa Massage
- -
- -
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$9.99
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Lorem Ipsum
-
Jan 0000
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- Health Care and Social Assistance
- -
- -
-
Lorem Ipsum
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Jan 0000
Sonrava Health began as Western Dental, which was founded in 1903 and later grew into a broader health and wellness organization. In 2022, the company adopted the Sonrava Health name as the parent organization for a family of businesses that includes dental office brands, dental and vision benefit plans, provider networks, and related services. The company’s current focus centers on dental, orthodontic, specialty care, and support services across affiliated offices, with a model built around accessible and affordable care. Sonrava Health’s public materials also describe a national footprint across many affiliated offices and several well-known regional brands.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Eye brow threading salon | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Gina Beauty Supply | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Finance and Insurance | - | - | Lorem Ipsum | Jan 0000 | |
| Sunny Day & Spa Massage | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Health Care and Social Assistance | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Retail or Service Commercial space in outdoor mall consisting retail, restaurant, and service commercial tenants. SIZE: ±1,800 RSF RENT: $1.75 psi/Month NNN* *NOTE: Estimated CAM expenses are $0.81 psf/Month Parking is shared in the center with all other Plaza tenants – 50 parking spaces total. Located at signalized, hard corner intersection of Potrero Avenue and San Pablo Avenue (State Route 123) with 59,000 VPD. Easy access to I-80 (208,000 VPD) and Del Norte BART – an ideal, centralized location. In a dense retail corridor with close proximity to many national tenants including Safeway, Home Depot, Skechers, Harbor Freight, Walgreen’s, Petfood Express, 24 Hour Fitness, and Starbucks. Residents within a one-mile radius earn an average household income of $175,000. Unit F at Del Norte Plaza offers an opportunity for retailers, service-oriented businesses, and neighborhood-serving operators seeking a highly visible East Bay location. The space is situated within a multi-tenant retail center that includes a mix of restaurant, retail, education, health, and service-commercial users, creating consistent customer activity throughout the day.
| Space | Size | Space Use | Position | Available |
| F | 1,800 SF | Retail | In-Line | Now |
F
| Size |
| 1,800 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
F
| Size | 1,800 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Retail or Service Commercial space in outdoor mall consisting retail, restaurant, and service commercial tenants. SIZE: ±1,800 RSF RENT: $1.75 psi/Month NNN* *NOTE: Estimated CAM expenses are $0.81 psf/Month Parking is shared in the center with all other Plaza tenants – 50 parking spaces total. Located at signalized, hard corner intersection of Potrero Avenue and San Pablo Avenue (State Route 123) with 59,000 VPD. Easy access to I-80 (208,000 VPD) and Del Norte BART – an ideal, centralized location. In a dense retail corridor with close proximity to many national tenants including Safeway, Home Depot, Skechers, Harbor Freight, Walgreen’s, Petfood Express, 24 Hour Fitness, and Starbucks. Residents within a one-mile radius earn an average household income of $175,000. Unit F at Del Norte Plaza offers an opportunity for retailers, service-oriented businesses, and neighborhood-serving operators seeking a highly visible East Bay location. The space is situated within a multi-tenant retail center that includes a mix of restaurant, retail, education, health, and service-commercial users, creating consistent customer activity throughout the day.
Nearby Major Retailers
Property Taxes
| Parcel Number | 509-410-004-6 | Improvements Assessment | $2,529,822 |
| Land Assessment | $813,811 | Total Assessment | $3,343,633 |
Property Taxes
Presented by
Multi-Tenant Investment Opportunity | 11299 San Pablo Ave
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