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Big O Tires-Anchored Auto Shops 2141-2149 N Broadway 21,702 SF 100% Leased Retail Building Walnut Creek, CA 94596 $9,098,000 ($419.22/SF) 6% Cap Rate
Investment Highlights
- Fully Leased Retail Strip Center in the Heart of the SF Bay Area Anchored by Big O Tires
- Irreplaceable Infill Location Adjacent to Downtown Walnut Creek
- Centrally Located with Excellent Regional Connectivity with Immediate Access to I-680 (271,000 ADT)
- Shorter Lease Terms with Future Upside Potential
- Strong Underlying Land Value with Significant Barriers to Entry with Below Market Rents
- Dense, Mixed Commercial Area in a Car-Dependent, Commuter-Heavy Region with Affluent Demographics
Executive Summary
Fully leased retail strip center anchored by Big O Tires, strategically positioned in an irreplaceable infill location adjacent to downtown Walnut Creek in the heart of the San Francisco Bay Area. The property offers shorter lease terms providing future upside potential, combined with strong underlying land value, significant barriers to entry, and below-market rents. Centrally located within one of the nation’s most affluent and supply-constrained markets, the asset benefits from exceptional long-term real estate fundamentals and regional connectivity.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
21,702 SF
Building Class
B
Year Built
1979
Price
$9,098,000
Price Per SF
$419.22
Cap Rate
6%
NOI
$545,851
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
1.10 AC
Zoning
Auto Sales/Service - Auto Sales/Service & Custom Manufacturing (AS-CM)
Parking
56 Spaces (2.58 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 173-131-032-0 | Improvements Assessment | $3,747,276 |
| Land Assessment | $4,166,190 | Total Assessment | $7,913,466 |
Property Taxes
Parcel Number
173-131-032-0
Land Assessment
$4,166,190
Improvements Assessment
$3,747,276
Total Assessment
$7,913,466
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Big O Tires-Anchored Auto Shops | 2141-2149 N Broadway
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