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1901 Webster St
Alameda, CA 94501
Retail Property For Sale
Investment Highlights
- Trophy Drive-Thru Asset in a High-Barrier Market
- Stable Investment with Rare Annual Increases
- Strategic Brand Location Near Corporate Headquarters
- Prime Location at the Gateway to Alameda
- Renovated, High-Quality Construction
- Limited Competition and Strong Tenant Performance
Executive Summary
This corporate absolute NNN Peet’s Coffee drive-thru has a brand new 10-year extension and rare annual rent escalations. It is located on the hard corner of a main thoroughfare connecting the high barrier to entry Alameda to Oakland and the rest of the Bay Area.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,000 SF
Building Class
C
Year Built/Renovated
1986/2014
Price
$5,294,000
Price Per SF
$1,764.67
Cap Rate
4.25%
NOI
$224,995
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.40 AC
Zoning
CC
Parking
20 Spaces (6.67 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 074-0433-004-01 | Improvements Assessment | $1,634,248 |
| Land Assessment | $1,337,112 | Total Assessment | $2,971,360 |
Property Taxes
Parcel Number
074-0433-004-01
Land Assessment
$1,337,112
Improvements Assessment
$1,634,248
Total Assessment
$2,971,360
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