14280 San Pablo Ave - Drug Store FOR SALE


San Pablo, CA 94806
$5,700,000 USD
415-231-5231
14280 San Pablo Ave, San Pablo, CA for Sale
$5,700,000 USD
Drug Store - FOR SALE
1/6
null | 6.5% Cap Rate

14280 San Pablo Ave
San Pablo, CA 94806


HIGHLIGHTS

  • Over 13 Years Remaining | Corporate Signed | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Hilltop Plaza (246,000 SF) | Pinole Vista Crossing (426,000 SF) | Pinole Vista Shopping Center (267,000 SF) | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

• Over 13 years remaining with 12 (5-year) option periods to extend • Lease is corporate signed by Walgreen Co • Features 5% rental increases every 5 years throughout initial term and at the beginning of each option period, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$394 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

SP2

APN/PARCEL ID

416-160-056-6

ASK ABOUT THIS PROPERTY

Jeff GatesSRS Real Estate PartnersMore Info
415-231-5231

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

Jeff GatesSRS Real Estate PartnersMore Info
415-231-5231

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