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714 Central Avenue, Alameda, CA

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714 Central Avenue

Alameda, CA 94501 - Alameda Submarket

Property Type:Retail Sub Type:Restaurant Status:Existing Year Built:1974
Building Size:2,500 SF Land Area:.28 AC (12,001 SF)
For Sale Price:$1,200,000 Price/SF:$480.00
Cap Rate:5.77 %
Parking:30 Surface spaces are available

Sale Notes:
We are pleased to present the opportunity to acquire 714 Central Avenue located in Alameda, California. The subject property was constructed in 1974 and consists of approximately 2,500 square feet on a 0.28 acre parcel. The original lease with Mountain Mike's Pizza commenced in 2007 and expires in 2017 with two five-year options to extend the lease with rental increases.

The first Mountain Mike's Pizza restaurant was established in 1978 in Palo Alto, California. What started as a single pizza restaurant with a casual, family-oriented atmosphere, Mountain Mike' s Pizza has grown into a leading pizza brand with more than 160 restaurants in California, Oregon, Nevada and Utah. Their restaurants are designed to accommodate those seeking a family-oriented casual dining environment along with delivery and carryout.

Marcus & Millichap
Fabio Sangiorgi
(650) 391-1833

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