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Investment Highlights

  • Situated in Walnut Creek, the property offers excellent accessibility and visibility with easy access to major thoroughfares and amenities
  • This property benefits from high visibility and demand in the Walnut Creek retail sector; month-to-month lease offers opportunities for rent growth
  • The property is leased to VIP Golf Cart Service & Sales, occupying approximately 4,400 SF. The under-market rent presents a potential for rent growth

Executive Summary

Newmark, as the exclusive advisor, is pleased to present an opportunity to acquire a retail property located at 1326 Boulevard Way in Walnut Creek, California. The property comprises approximately 5,924 square feet and is currently leased to VIP Golf Cart Service & Sales on a month to month basis. This offering provides an income stream with below-market rent, creating flexibility and an excellent opportunity for an owner/user while also appealing to 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
$1,750,000
Price Per SF
$295.41
Percent Leased
74%
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

Club Pilates
Planet Fitness
Solidcore
Pure Barre
Philz Coffee
Starbucks
Peet's Coffee
The Habit Burger Grill
Ruth's Chris Steak House
The Cheesecake Factory

Property Taxes

Property Taxes

Parcel Number
184-450-025-4
Land Assessment
$870,379
Improvements Assessment
$49
Total Assessment
$870,428
  • Listing ID: 32991025

  • Date on Market: 8/28/2024

  • Last Updated:

  • Address: 1326 Boulevard Way, Walnut Creek, CA 94595

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