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909 Grand Ave 12,258 SF Retail Building San Rafael, CA 94901 For Sale
INVESTMENT HIGHLIGHTS
- Zoned for High-Intensity Mixed-Use.
- Favorable Demographics.
- Prime Downtown Location.
- Strong Market Demand.
- Stable NNN Lease.
- Potential for Future Redevelopment.
EXECUTIVE SUMMARY
909 Grand Avenue in San Rafael, CA, offers a rare investment opportunity featuring a stable NNN lease with CVS, subleased to Dollar Tree, providing secure income through March 2030. This prime downtown property benefits from high visibility, a strong retail corridor, and a high barrier-to-entry market. Additionally, the site presents significant future redevelopment potential with high-intensity mixed-use zoning, making it an attractive option for both investors and developers.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,258 SF
Building Class
C
Year Built/Renovated
1940/2006
NOI
$395,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.49
Lot Size
0.58 AC
Zoning
T5N 40/60 - High-Intensity Mixed-Use
Parking
18 Spaces (1.47 Spaces per 1,000 SF Leased)
Frontage
88’ on Grand Ave
AMENITIES
- Signalized Intersection
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,221,581 | |
| Land Assessment | $5,029,089 | Total Assessment | $7,250,670 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$5,029,089
Improvements Assessment
$2,221,581
Total Assessment
$7,250,670
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