20 E 18th St - Drug Store FOR SALE


Antioch, CA 94509- Pittsburg/Antioch
$2,600,000 USD
650-391-1811
20 E 18th St, Antioch, CA for Sale
$2,600,000 USD
Drug Store - FOR SALE
1/4
null | Request Cap Rate

20 E 18th St
Antioch, CA 94509
Pittsburg/Antioch


HIGHLIGHTS

  • Infill Bay Area Location
  • High Performing Store – sales of $1,032/SF in 2024
  • Only remaining pharmacy in the surrounding area, closes competitor is 2.2 miles away
  • 9 years left on the current term
  • 37.5% rent increase on January 1, 2029
  • Long history at this location – going back to 1976

OVERVIEW

The property at 20 E 18th Street in Antioch is a single story, 12,592 Sq. ft. retail building originally constructed in 1959, and renovated multiple times since. The 1.4-acre lot the property is situated on provides ample parking (4.3/1000). The fully sprinklered building features clearance heights between 12.5 feet and 16.5 feet and 800 amps of power. There is a single loading dock. The property also features a drive-through. The size and layout of the building would allow a variety of retail uses. The previous tenant was Rite Aid, which was averaging approximately $1,000/Sq. ft. in sales, testifying to the strength of the location. Currently zoned C-2 (Neighborhood Commercial), the property also falls within the boundaries of the A Street Interchange Focus Area, which envisions a cluster of commercial and office uses, aimed at revitalizing the area and transforming it into a gateway to Antioch’s Rivertown area. The property benefits from its location along 18th street with average daily traffic at the intersection of 18th Street and A Street of 41,902 cars. Other retailers in the immediate area include AutoZone, Wells Fargo, Wendy’s, O’Reilly, Wiener Schnitzel, Taco Bell and Big O Tires. Antioch is the third largest city in Contra Costa County with a population growth of 12.6% between the 2010 and 2020 census. The property at 20 E 18th Street in Antioch presents investors and owner-users with the opportunity to acquire a well-maintained multi-purpose retail building with redevelopment potential situated on a 1.4-acre lot at a great infill Bay Area location at well below replacement cost.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Rite Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

-

APN/PARCEL ID

065-183-026-7

ASK ABOUT THIS PROPERTY

Teodor VacevMarcus & MillichapMore Info
650-391-1811

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Teodor VacevMarcus & MillichapMore Info
650-391-1811

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