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Rare 100% Leased Walnut Creek Retail Center 1500-1512 Sunnyvale Ave 8,472 SF 100% Leased Retail Building Walnut Creek, CA 94597 $5,600,000 ($661.00/SF) 5.67% Cap Rate
Investment Highlights
- Rare opportunity to acquire a small retail center in Walnut Creek
- Excellent visibility at a highly trafficked intersection
- Dedicated surface parking lot with 31 stalls
- 100% leased to a synergistic mix of 5 service, restaurant and retail tenants
- Tenants are destination oriented/ e-commerce resistants
- Excellent demographics with household incomes exceeding $160,000 in a 3 mile radius
Executive Summary
Newmark, as exclusive advisor, is pleased to offer the opportunity to acquire Sunnyvale Retail Center (the “Property” or “Center”) located at 1500-1512 Sunnyvale Avenue in Walnut Creek, California. The Property is one hundred percent leased by five tenants and benefits from excellent visibility at a highly trafficked signalized
intersection with exposure to over 33,000 vehicles per day.
Available for the first time in over twenty-five years, the Center offers a diversified rent roll with scheduled annual increases and a staggered lease expirations thus providing an attractive combination of stability and income growth.
intersection with exposure to over 33,000 vehicles per day.
Available for the first time in over twenty-five years, the Center offers a diversified rent roll with scheduled annual increases and a staggered lease expirations thus providing an attractive combination of stability and income growth.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,472 SF
Building Class
B
Year Built
1981
Price
$5,600,000
Price Per SF
$661.00
Cap Rate
5.67%
NOI
$317,738
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.64 AC
Zoning
CR, Walnut Creek - Community Commercial, Walnut Creek
Parking
32 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signalized Intersection
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 170-100-032-3 | Improvements Assessment | $884,279 |
| Land Assessment | $890,675 | Total Assessment | $1,774,954 |
Property Taxes
Parcel Number
170-100-032-3
Land Assessment
$890,675
Improvements Assessment
$884,279
Total Assessment
$1,774,954
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