12249 San Pablo Ave - Storefront FOR SALE


Richmond, CA 94805- East Richmond
$1,395,000 USD
510-450-1420
12249 San Pablo Ave, Richmond, CA for Sale
$1,395,000 USD
Storefront - FOR SALE
1/61
null | 7.04% Cap Rate

12249 San Pablo Ave
Richmond, CA 94805
East Richmond


HIGHLIGHTS

  • Absolute NNN Leased Investment Property
  • Occupied by a grocery store since 1971
  • Tenant recently invested significant monies in the business and property, demonstrating a strong commitment to this location
  • Now transparently offered at a starting CAP rate of 7%

OVERVIEW

This rare single-tenant, absolute NNN leased investment property offers a unique opportunity in the Bay Area. Occupied by a well-established grocery store since 1971, the property benefits from a long operating history and a proven location. Positioned on highly traveled San Pablo Avenue (CA State Route 123), it enjoys outstanding visibility and excellent exposure to strong daily traffic counts. The property is conveniently located just one block from the I-80 on/off ramps and features an off-street parking area with access from both San Pablo Avenue and Wilson Avenue. The tenant has also recently made significant investments in both the business and the property, demonstrating a strong long-term commitment to this location.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$328 USD /SF

CAP RATE

7.04%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C2

APN/PARCEL ID

517-100-026-7

ASK ABOUT THIS PROPERTY

Colby KatzMRE Commercial Real EstateMore Info
510-450-1420

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Colby KatzMRE Commercial Real EstateMore Info
510-450-1420

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.