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12249 San Pablo Ave 4,250 SF Retail Building Richmond, CA 94805 $1,500,000 ($352.94/SF) 6.55% Cap Rate
Investment Highlights
- Absolute NNN Leased Investment Property
- Tenant recently invested significant monies in the business and property, demonstrating a strong commitment to this location
- Occupied by a grocery store since 1971
Executive Summary
- Hard to find single-tenant absolute NNN leased investment property in the Bay Area
- Property has been occupied by a grocery store since 1971
- Great visibility on San Pablo Ave. (CA State Route 123), which features high daily traffic counts
- One block to I-80 on/off ramps
- Off-street parking area with access from both San Pablo Ave and Wilson Ave
- Tenant recently invested significant monies in the business and property, demonstrating a strong commitment to this location
- Property has been occupied by a grocery store since 1971
- Great visibility on San Pablo Ave. (CA State Route 123), which features high daily traffic counts
- One block to I-80 on/off ramps
- Off-street parking area with access from both San Pablo Ave and Wilson Ave
- Tenant recently invested significant monies in the business and property, demonstrating a strong commitment to this location
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
4,250 SF
Building Class
C
Year Built
1946
Price
$1,500,000
Price Per SF
$352.94
Cap Rate
6.55%
NOI
$98,198
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.23 AC
Zoning
C2 - General Commercial District
Parking
10 Spaces (2.47 Spaces per 1,000 SF Leased)
Frontage
70’ on San Pablo Ave
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (85)
Nearby Major Retailers
Property Taxes
| Parcel Number | 517-100-026-7 | Improvements Assessment | $438,852 |
| Land Assessment | $245,166 | Total Assessment | $684,018 |
Property Taxes
Parcel Number
517-100-026-7
Land Assessment
$245,166
Improvements Assessment
$438,852
Total Assessment
$684,018
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