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Single Tenant NNN Leased Investment 643 Emerson St 5,590 SF Retail Building Palo Alto, CA 94301 $6,500,000 ($1,162.79/SF) 6% Cap Rate
Executive Summary
Single Tenant NNN Leased Investment. Tenant handles all costs and responsibilities related to property.
$333,120 Annually / $27,760 monthly
~3% annual base rent increases
Current lease through June 30, 2031.
Landmark Buca Di Beppo location in prime downtown Palo Alto location. Exceptional cash flow and upside for future development.
$333,120 Annually / $27,760 monthly
~3% annual base rent increases
Current lease through June 30, 2031.
Landmark Buca Di Beppo location in prime downtown Palo Alto location. Exceptional cash flow and upside for future development.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,590 SF
Building Class
C
Year Built
1947
Price
$6,500,000
Price Per SF
$1,162.79
Cap Rate
6%
NOI
$390,000
Tenancy
Single
Building Height
2 Stories
Building FAR
1.43
Lot Size
0.09 AC
Zoning
CD-C(GF)(P) - CD-C(GF)(P):
Retail, Restaurant. Trade school, church, studio, classes, school, business office*, medical office*, club, day care. (see below)
Frontage
40’ on Emerson St
Amenities
- Accent Lighting
- Air Conditioning
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
70/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 120-27-020 | Improvements Assessment | $398,000 |
| Land Assessment | $207,996 | Total Assessment | $605,996 |
Property Taxes
Parcel Number
120-27-020
Land Assessment
$207,996
Improvements Assessment
$398,000
Total Assessment
$605,996
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