$21,120,000 USD
925-388-0888
1280 Willow Pass Rd
Concord, CA 94520
Concord/Pleasant Hill
HIGHLIGHTS
- 100% occupied by national tenants; Hobby Lobby and Guitar Center on NNN leases
- Strong historical occupancy; Guitar Center has been a tenant for over 20 years and Hobby Lobby has been a tenant for over 10 years
- Both tenants recently exercised their 5-year options demonstrating their long term commitment to the site
- Positioned at a signalized, hard corner intersection with unobstructed visibility from Willow Pass Rd (39,300 VPD) and Diamond Wy (16,250 VPD)
- Within immediate proximity to East Bay’s most heavily trafficked freeways, Interstate 680 (224,500 VPD) and Highway 242 (125,500 VPD)
- Current WMX (West Concord Mixed Use) Zoning allows for higher density retail, hospitality, and office development
FOR SALE DETAILS
PRICE
$21,120,000 USD
PRICE/SF
$285 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hobby Lobby & Guitar Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
316
LAND DETAILS
LAND ACRES
6.38 AC
LAND SF
277,913 SF
ZONING
WMX
APN/PARCEL ID
127-220-021-1
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
925-388-0888
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
925-388-0888
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
