Log In/Sign Up
Your email has been sent.
15028 Hesperian Blvd 7,324 SF 100% Leased Retail Building San Leandro, CA 94578 $3,750,000 ($512.02/SF) 7.20% Cap Rate
Investment Highlights
- Five retail storefronts with full window displays and direct street-facing access.
- Highly visible location with signage and frontage seen from up to a quarter mile away.
- Expansive 19,000 SF parcel offering 10,500 SF dedicated to on-site parking, ensuring exceptional accessibility for tenants and customers.
- Expansive 22-car parking lot with dual access from two major streets.
- Turnkey opportunity with mix of retail and restaurant tenants in place.
Executive Summary
This historic San Leandro property offers a rare investment opportunity anchored by the legendary Ricky's Sports Bar, once ranked the #2 sports bar in the country. Encompassing five street-facing retail spaces with full window displays, this property benefits from exceptional visibility extending up to a quarter mile along Hesperian Boulevard. Three units are currently occupied, including a thriving hair and nail salon and a floral boutique, while two units stand ready for new tenants.
The anchor space boasts a recently updated restaurant and bar featuring multiple pool tables and a premium sports-viewing environment celebrated throughout the Bay Area. Ricky’s remains a premier destination for fans of the Raiders, Warriors, 49ers, Giants, and other major teams, ensuring built-in foot traffic and brand recognition.
Situated on a large 0.44-acre parcel with dual street access and a 22-space private parking lot, the property provides convenience and accessibility. It is located within a designated Opportunity Zone, offering potential tax advantages. With its mix of stable tenancy and vacant units for upside leasing, this asset combines steady income with growth potential, making it highly appealing to investors.
The anchor space boasts a recently updated restaurant and bar featuring multiple pool tables and a premium sports-viewing environment celebrated throughout the Bay Area. Ricky’s remains a premier destination for fans of the Raiders, Warriors, 49ers, Giants, and other major teams, ensuring built-in foot traffic and brand recognition.
Situated on a large 0.44-acre parcel with dual street access and a 22-space private parking lot, the property provides convenience and accessibility. It is located within a designated Opportunity Zone, offering potential tax advantages. With its mix of stable tenancy and vacant units for upside leasing, this asset combines steady income with growth potential, making it highly appealing to investors.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,324 SF
Building Class
C
Year Built/Renovated
1962/2024
Price
$3,750,000
Price Per SF
$512.02
Cap Rate
7.20%
NOI
$270,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.44 AC
Opportunity Zone
Yes
Zoning
SA3 - Bay Fair Transit-Oriented Development
Parking
22 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
92’ on Hesperian Boulevard
Amenities
- Pylon Sign
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 077D-1496-002-09 | Improvements Assessment | $225,617 |
| Land Assessment | $300,896 | Total Assessment | $526,513 |
Property Taxes
Parcel Number
077D-1496-002-09
Land Assessment
$300,896
Improvements Assessment
$225,617
Total Assessment
$526,513
1 of 50
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
15028 Hesperian Blvd