1761-1769 Grant Ave - Retail FOR SALE
Novato, CA 94945 |
$24,762,335 USD
415-971-4347
1761-1769 Grant Ave
Novato, CA 94945
HIGHLIGHTS
- Downtown Novato Center, co-anchored by Lucky California Grocer and CVS Pharmacy, is a trusted neighborhood destination
- Recent leasing momentum at the center includes new 10 year leases from Icon Fit and Kitsch + Sync, as well as a new Dutch Bros ground lease (NAP)
- The property received a new roof in 2018 with a 20-year warranty, LEED lighting, and improved signage and landscaping accents
- Both Lucky California and CVS Pharmacy are paying well below current market rents
- Highly affluent Marin County location, average home values in Marin exceed $1.5 million in May 2026 (Zillow)
- Offered at $265/sf, the property is priced significantly below the San Rafael market average of $419/sf (CoStar) and replacement cost
OVERVIEW
Nestled in the heart of Novato, Downtown Novato Center is proudly co-anchored by Lucky California and CVS Pharmacy. With over 30 years of dedication to the center and recently renewed 10-year lease commitments, these longstanding tenants highlight the center’s enduring appeal. Boasting exceptional curb appeal and a charming park-like atmosphere, Downtown Novato Center serves as a vibrant hub and cherished destination for the Novato community.
FOR SALE DETAILS
PRICE
$24,762,335 USD
PRICE/SF
$634 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Downtown Novato Center
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1966
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
7.05 AC
LAND SF
307,098 SF
ZONING
CN
APN/PARCEL ID
141-201-50
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415-971-4347
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415-971-4347
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