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1535-1541 Giammona Dr 5,292 SF 30% Leased Retail Building Walnut Creek, CA 94596 For Sale
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- 1535 & 1541 Giammona Drive is a remarkable chance to own a 3,700-SF vacant restaurant space with a private patio and a leased 1,500-SF beer café.
- Delivered partially vacant with FF&E, ideal for a lease-up strategy or owner/user occupancy with SBA 504 Loan eligibility with as little as 10% down.
- Stable in-place income, ØL Beercafé lease in place through April 2027 with option to extend, all tenants pay operating expenses under NNN lease.
- Be at the forefront of the future Giammona Plaza development, a city-backed plan to transform the street into a pedestrian dining promenade.
- Near an upcoming major mixed-use development at the Honda dealership across the street, pending entitlements for high-density residential/retail.
- Downtown Walnut Creek location with over 250 million SF of retail, including the award-winning Sweet Maple, Broadway Plaza, and Lesher Center.
EXECUTIVE SUMMARY
Tired of renting? Get your foothold in Downtown Walnut Creek along with the benefits of property ownership! This beloved location includes TWO buildings right next to Sweet Maple, Walnut Creek's hottest brunch restaurant. 1535 Giammona (former Skipolini's) is a rare fully built out restaurant delivered vacant off-set by rental income generated by 1541 Giammona in one of the most vibrant, walkable, and evolving dining districts in Northern California.
This 5,300+/-square-foot portfolio is ideal for an owner/user seeking a flagship location or an investor focused on lease-up and long-term appreciation. The vacant 3,700-square-foot suite (formerly Skipolini’s Pizza) features all FF&E in place and an approximate 1,300-square-foot private rear patio. The second unit, spanning 1,500 square feet, is currently leased to ØL Beercafé, providing immediate in-place income.
Additionally, this offering may qualify for SBA 504 financing which may only require 10% down allowing an owner/user to occupy 1535 Giammona and secure favorable long-term financing. All while collecting passive rental income from the adjoining leased space.
Giammona Street is positioned within the boundary of Walnut Creek’s North Downtown Specific Plan, which includes the proposed Giammona Plaza. The Giammona Plaza project is a pedestrian-first promenade envisioned to enhance outdoor dining, walkability, and public space. There are pending entitlements for the former Honda dealership across the street, which is also being considered for a major mixed-use redevelopment, reflecting growing momentum for long-term urban improvements in this district.
1535 & 1541 Giammona Drive is surrounded by some of the East Bay’s top restaurant operators, including Sweet Maple, Montesacro, Katy’s Kreek, and Bourbon Highway. Near Broadway Plaza and the Lesher Center for the Arts, this asset is embedded in a proven trade area with exceptionally strong fundamentals.
With one space leased, one ready for activation, and the surrounding district poised for a dynamic upgrade. 1535 & 1541 Giammona Drive presents a compelling blend of short-term upside and long-term value growth! The property portfolio is unpriced; ownership is reviewing offers from qualified buyers.
This 5,300+/-square-foot portfolio is ideal for an owner/user seeking a flagship location or an investor focused on lease-up and long-term appreciation. The vacant 3,700-square-foot suite (formerly Skipolini’s Pizza) features all FF&E in place and an approximate 1,300-square-foot private rear patio. The second unit, spanning 1,500 square feet, is currently leased to ØL Beercafé, providing immediate in-place income.
Additionally, this offering may qualify for SBA 504 financing which may only require 10% down allowing an owner/user to occupy 1535 Giammona and secure favorable long-term financing. All while collecting passive rental income from the adjoining leased space.
Giammona Street is positioned within the boundary of Walnut Creek’s North Downtown Specific Plan, which includes the proposed Giammona Plaza. The Giammona Plaza project is a pedestrian-first promenade envisioned to enhance outdoor dining, walkability, and public space. There are pending entitlements for the former Honda dealership across the street, which is also being considered for a major mixed-use redevelopment, reflecting growing momentum for long-term urban improvements in this district.
1535 & 1541 Giammona Drive is surrounded by some of the East Bay’s top restaurant operators, including Sweet Maple, Montesacro, Katy’s Kreek, and Bourbon Highway. Near Broadway Plaza and the Lesher Center for the Arts, this asset is embedded in a proven trade area with exceptionally strong fundamentals.
With one space leased, one ready for activation, and the surrounding district poised for a dynamic upgrade. 1535 & 1541 Giammona Drive presents a compelling blend of short-term upside and long-term value growth! The property portfolio is unpriced; ownership is reviewing offers from qualified buyers.
MATTERPORT 3D TOUR
Explore 1535 Giammona Drive
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,292 SF
Building Class
B
Year Built
1946
Percent Leased
30%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.67
Lot Size
0.18 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- OL Beer Cafe
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| OL Beer Cafe | - | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Rare Walnut Creek 2nd generation restaurant space for lease with private patio space. This is a tremendous opportunity for a restaurant to be next door to the hotly anticipated Sweet Maple's new Bay Area / Los Angeles location.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,000 SF | Restaurant | In-Line | 120 Days |
1st Floor
| Size |
| 4,000 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| 120 Days |
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1st Floor
| Size | 4,000 SF |
| Space Use | Restaurant |
| Position | In-Line |
| Available | 120 Days |
Rare Walnut Creek 2nd generation restaurant space for lease with private patio space. This is a tremendous opportunity for a restaurant to be next door to the hotly anticipated Sweet Maple's new Bay Area / Los Angeles location.
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (82)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
20,089
107,932
215,644
263,260
2029 Population
20,132
107,640
214,357
261,523
2024-2029 Projected Population Growth
0.2%
-0.3%
-0.6%
-0.7%
Median Age
40.5
45.1
44.0
44.2
College Degree + Higher
69%
65%
58%
34%
Daytime Employees
32,260
72,768
114,739
154,628
Total Businesses
4,364
10,529
16,864
22,645
Average Household Income
$153,051
$158,453
$158,697
$163,749
Median Household Income
$133,634
$133,734
$131,051
$135,647
Total Consumer Spending
$378.8M
$2B
$3.8B
$4.4B
2024 Households
9,565
47,379
87,503
105,656
Average Home Value
$918,225
$946,063
$931,657
$902,583
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Lettuce | Sandwiches | $ | 2 min walk |
| Lokanta-Walnut Creek | Mediterranean | $$$ | 4 min walk |
| Havana | Cuban | $$ | 4 min walk |
| Oyama Sushi | Sushi | $$ | 4 min walk |
| Crepes A-Go Go | French | $ | 3 min walk |
| Pizza Hut | - | - | 5 min walk |
| Mixed Grain | Korean | $$ | 4 min walk |
| Starbucks | Cafe | $ | 5 min walk |
| Walnut Creek Yacht Club | Seafood | $$$ | 4 min walk |
| Maria Maria Restaurant | Mexican | $$ | 5 min walk |
RETAIL |
||
|---|---|---|
| The UPS Store | Business/Copy/Postal Services | 3 min walk |
| Yoga Six | Fitness | 5 min walk |
| LaserAway | Salon/Barber/Spa | 5 min walk |
| Target | Dept Store | 5 min walk |
| Orangetheory Fitness | Fitness | 5 min walk |
| CVS Pharmacy | Drug Store | 5 min walk |
| Drybar | Salon/Barber/Spa | 5 min walk |
| CorePower Yoga | Fitness | 6 min walk |
| Brandy Melville | Ladies' Apparel | 7 min walk |
| Tiffany & Co. | Jewelry/Watches | 8 min walk |
HOTELS |
|
|---|---|
| Residence Inn |
160 rooms
2 min drive
|
| Hilton Garden Inn |
124 rooms
3 min drive
|
| Marriott |
342 rooms
3 min drive
|
| Holiday Inn Express |
164 rooms
5 min drive
|
| Sonesta Select |
135 rooms
7 min drive
|
| Hyatt House |
142 rooms
7 min drive
|
PROPERTY TAXES
| Parcel Number | 178-191-018-5 | Improvements Assessment | $2,065,500 |
| Land Assessment | $1,224,000 | Total Assessment | $3,289,500 |
PROPERTY TAXES
Parcel Number
178-191-018-5
Land Assessment
$1,224,000
Improvements Assessment
$2,065,500
Total Assessment
$3,289,500
SALE ADVISOR
SALE ADVISOR
Steve Mesita, Principal
Steve Mesita is a commercial real estate professional at Thrive Equities/Ayana Retail. His passion is to create purpose-driven real estate and help creatives, retailers, and restaurants find the perfect space. He specializes in restaurant expansion, development, investments, and hospitality innovation.
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1535-1541 Giammona Dr
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