704 Central Ave | Alameda, CA 94501
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- LoopNet Team
704 Central Ave
Alameda, CA 94501
O'Reilly Auto Parts · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand new 10-year lease extension, proving the location to be an irreplaceable location for O’Reilly
- Rare 10% rent increase in February 2028 & a 12% increase in the Option period
- NN+ lease structure with minimal landlord responsibilities
- Lease extension includes an substantial 48% increase in rent
- Even with the most recent rent increase, O’Reilly is still paying ±38% below market rent, providing a buyer with future upside potential
- Extremely strong corporate guaranteed lease
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,212 SF
Building Class
C
Year Built
1945
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.54 AC
Parking
18 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
54’ on Central
PROPERTY TAXES
| Parcel Number | 074-1328-030-00 | Improvements Assessment | $327,423 |
| Land Assessment | $140,533 | Total Assessment | $467,956 |
PROPERTY TAXES
Parcel Number
074-1328-030-00
Land Assessment
$140,533
Improvements Assessment
$327,423
Total Assessment
$467,956
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