1581 Sycamore Ave - Storefront FOR SALE


Hercules, CA 94547- The Carridor
$8,200,000 USD
650-492-0934
1581 Sycamore Ave, Hercules, CA for Sale
$8,200,000 USD
Storefront - FOR SALE
1/5
null | 6.03% Cap Rate

1581 Sycamore Ave
Hercules, CA 94547
The Carridor


HIGHLIGHTS

  • Premier Hercules Retail Investment Opportunity
  • Recent Capital Improvements
  • Strong Street Visibility
  • Ease of a NNN Lease Structure

OVERVIEW

1581 Sycamore Ave is a premier 10 suite retail investment opportunity located in the thriving city of Hercules, California. Situated on a 1.48 acre parcel of land, the subject property was originally constructed in 1987 and features a gross building area of approximately 14,170 square feet, offering its tenants beautifully designed retail floor plans. The subject property is currently occupied by 10 tenants, all under a NNN lease structure. Owners greatly benefit from NNN leases thanks to their little to no maintenance investment structure and reliable, long-term cash flow. The subject property has also recently undergone significant capital improvements including a new roof, structural building upgrades and fresh exterior paint. 1581 Sycamore Ave is situated within a larger retail shopping plaza anchored by The Home Depot, drawing to the area approximately 19,660 vehicles per day, according to TraffixMetrix. The Home Depot manages the plaza parking lot, allowing for seamless traffic flow and consistent upkeep, further enhancing accessibility and convenience. The investment appeal of this asset is driven by Hercules' strong employment fundamentals and low vacancy levels. With a world-class location in Contra Costa County, 1581 Sycamore Ave presents an attractive choice for investors due to its close proximity to other major retailers, transportation corridors, growing population, shopping, dining and entertainment options.

FOR SALE DETAILS

PRICE

$8,200,000 USD

PRICE/SF

$586 USD /SF

CAP RATE

6.03%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg A

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

CR, Hercules

APN/PARCEL ID

406-140-015-8

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

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

Adam LevinLevin JohnstonMore Info
650-492-0934

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