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980 Island Dr
Alameda, CA 94502
Retail Property For Sale
Investment Highlights
- ?New construction, affluent, core San Francisco Bay Area single tenant NNN opportunity with investment grade credit
- Rare Starbucks lease with tenant reimbursement of capital expenditure and repair/maintenance costs of roof, parking lot, sidewalks, and utility system
- Only Starbucks with drive thru in Alameda and the next closest Starbucks with drive thru is over 6 miles away in San Leandro
- New 10-year net lease with 10% rent increases every 5 years commencing January 2022
- Exceptional Demographics with average household income over $191,000 within 1 mile and a population close to 80,000 within 3 miles
- ?Hard corner location with drive thru on the high traffic intersection of Island Drive and Mecartney Road with over 20,000 VPD
Property Facts
Property Type
Retail
Property Subtype
Building Size
4,220 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.55 AC
Zoning
C-2-PD
Parking
10 Spaces (2.37 Spaces per 1,000 SF Leased)
Frontage
139’ on Island Dr
Property Taxes
| Parcel Number | 074-1045-012-00 | Improvements Assessment | $2,759,120 |
| Land Assessment | $1,910,160 | Total Assessment | $4,669,280 |
Property Taxes
Parcel Number
074-1045-012-00
Land Assessment
$1,910,160
Improvements Assessment
$2,759,120
Total Assessment
$4,669,280
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