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1326 Boulevard Way 5,924 SF 10% Leased Retail Building Walnut Creek, CA 94595 $1,800,000 ($303.85/SF)
INVESTMENT HIGHLIGHTS
- Situated in Walnut Creek, the property offers excellent accessibility and visibility with easy access to major thoroughfares and nearby amenities.
- The under-market rents present significant potential for rent growth.
- The property benefits from high visibility and demand in the Walnut Creek retail sector
- VIP Golf Cart Service & Sales, occupying approximately 4,400 SF, and Chicken and the Farm, occupying 1,524 SF with its eatery and gourmet market.
- Both tenants are in place, providing a reliable income stream and making the property a compelling investment opportunity.
- Near-term lease expirations offer opportunities for substantial rent growth.
EXECUTIVE SUMMARY
Newmark, as the exclusive advisor, is pleased to present an opportunity to acquire a stabilized retail property located at 1326 Boulevard Way in Walnut Creek, California. The property comprises approximately 5,924 square feet and is currently leased to two tenants: Chicken and the Farm, a unique eatery and gourmet market, and VIP Golf Cart Service & Sales. This offering provides a stable income stream with below-market rents, which were set to secure shorter-term leases, allowing flexibility for owner/users or investors interested in repositioning the property.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,924 SF
Building Class
C
Year Built
1956
Price
$1,800,000
Price Per SF
$303.85
Percent Leased
10%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.61 AC
Zoning
P-1 - Planned Unit Development
Parking
20 Spaces (3.38 Spaces per 1,000 SF Leased)
Frontage
276’ on Boulevard Way
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 184-450-025-4 | Improvements Assessment | $49 |
| Land Assessment | $870,379 | Total Assessment | $870,428 |
PROPERTY TAXES
Parcel Number
184-450-025-4
Land Assessment
$870,379
Improvements Assessment
$49
Total Assessment
$870,428
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1326 Boulevard Way
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