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Ross & O'Reilly Auto Parts 1165 Arnold Dr 29,027 SF 100% Leased Retail Building Martinez, CA 94553 $7,992,000 ($275.33/SF) 5.40% Cap Rate
Investment Highlights
- Features a newly opened Ross Dress for Less (S&P: BBB+) and a long-standing O’Reilly Auto Parts (S&P: BBB+)
- The property benefits from extensive recent capital expenditures, including over $1.5 million in building improvements (2020)
- Ross Dress for Less recently completed a full renovation/re-tenanting of a former Rite Aid space
- The asset offers minimal landlord responsibilities, ideal for 1031 exchange buyers or investors seeking reliable, passive cash flow
Executive Summary
The subject property is a two-tenant retail asset anchored by Ross Dress for Less and O’Reilly Auto Parts in a densely populated Bay Area submarket. Recent repositioning and renovations for both tenants, situated in in a grocery-anchored center and directly adjacent to Walmart and Home Depot on a major retail corridor at a signalized intersection.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
29,027 SF
Building Class
B
Year Built
1984
Price
$7,992,000
Price Per SF
$275.33
Cap Rate
5.40%
NOI
$431,585
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.61
Lot Size
1.10 AC
Zoning
R-B - Retail District
Amenities
- Monument Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 377-111-018-0 | Improvements Assessment | $3,600,000 |
| Land Assessment | $2,000,000 | Total Assessment | $5,600,000 |
Property Taxes
Parcel Number
377-111-018-0
Land Assessment
$2,000,000
Improvements Assessment
$3,600,000
Total Assessment
$5,600,000
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Ross & O'Reilly Auto Parts | 1165 Arnold Dr
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