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100% Leased Investment Property on Solano Ave 1501 Solano Ave 5,329 SF Retail Building Albany, CA 94707 $2,700,000 ($506.66/SF) 6.66% Cap Rate
EXECUTIVE SUMMARY
FULLY-LEASED AND WELL-MAINTAINED INVESTMENT RETAIL PROPERTY ON SOLANO AVENUE
Two units (Restaurant + Retail), Off-Street Loading/Parking, and Additional Storage
Tenants —
Anahuac Cocina Mexicana: An experienced and much-loved
Mexican taqueria operator in the area chose this location for
its new elevated cuisine and cocktail concept. They will begin
a 7-year lease in October 2025 after completing substantial
tenant improvements. Occupies ±2,828 SF.
The Dance Floor: A successful operator in this location
already, The Dance Floor renewed its lease last year for an
additional five years. A beloved local studio offering all kinds
of movement classes to the community. Occupies ±2,501 SF.
Close of Escrow shall occur January 1, 2026.
6.9% projected CAP rate beginning October 1, 2026 with 3% annual increases in rents.
Two units (Restaurant + Retail), Off-Street Loading/Parking, and Additional Storage
Tenants —
Anahuac Cocina Mexicana: An experienced and much-loved
Mexican taqueria operator in the area chose this location for
its new elevated cuisine and cocktail concept. They will begin
a 7-year lease in October 2025 after completing substantial
tenant improvements. Occupies ±2,828 SF.
The Dance Floor: A successful operator in this location
already, The Dance Floor renewed its lease last year for an
additional five years. A beloved local studio offering all kinds
of movement classes to the community. Occupies ±2,501 SF.
Close of Escrow shall occur January 1, 2026.
6.9% projected CAP rate beginning October 1, 2026 with 3% annual increases in rents.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,329 SF
Building Class
B
Year Built
1924
Price
$2,700,000
Price Per SF
$506.66
Cap Rate
6.66%
NOI
$179,835
Tenancy
Single
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.12 AC
Frontage
49’ on Solano Ave
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Anahuac Cocina Mexicana
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Anahuac Cocina Mexicana is a local restaurant in Albany, California.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Anahuac Cocina Mexicana | Accommodation and Food Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 067-2848-017-00 | Improvements Assessment | $1,748,559 |
| Land Assessment | $898,907 | Total Assessment | $2,696,206 |
PROPERTY TAXES
Parcel Number
067-2848-017-00
Land Assessment
$898,907
Improvements Assessment
$1,748,559
Total Assessment
$2,696,206
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100% Leased Investment Property on Solano Ave | 1501 Solano Ave
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