2010 Rollingwood Dr - Restaurant FOR SALE


San Bruno, CA 94066
$2,900,000 USD
310-550-2672
2010 Rollingwood Dr, San Bruno, CA for Sale
$2,900,000 USD
Restaurant - FOR SALE
1/6
null | 6.62% Cap Rate

2010 Rollingwood Dr
San Bruno, CA 94066


HIGHLIGHTS

  • Irreplaceable South San Francisco Investment - a rare investment opportunity, benefiting from the San Bruno location, dense and affluent trade area
  • Brand New Term with Refreshed Concept – operating under a 5-yr lease (November 2029 exp) w/ two additional 5-year options to renew at 15% increases
  • Absolute NNN Lease – The property is subject to an Absolute NNN Lease, the most hands-off form of real estate investment
  • Frequent Commuter and Resident Draw – Gather Kitchen and Bakery neighbors a 7-Eleven, 76, and Chevron gas station
  • Convenient Freeway Accessibility – Strategically located directly off Interstate 280 (±199,000 CPD)

OVERVIEW

* Irreplaceable South San Francisco Investment – Gather Kitchen and Bakery represents a rare investment opportunity, benefiting from the San Bruno location, dense and affluent trade area, and lack of comparable properties available in the surrounding area. The investment quality is reinforced by the area’s historical stability, population density, growth, and consequent value retention * Brand New Term with Refreshed Concept – Gather Kitchen and Bakery is operating under a 5-year lease (November 2029 expiration) with two additional 5-year options to renew at 15% increases * Absolute NNN Lease – The property is subject to an Absolute NNN Lease, the most hands-off form of real estate investment with the tenant responsible for direct payment of all operating costs * Frequent Commuter and Resident Draw – Gather Kitchen and Bakery neighbors a 7-Eleven, 76, and Chevron gas station with credit tenants Target, Petco, CVS, Ace Hardware, Starbucks, Planet Fitness, BevMo! and more within a 1-mile radius * Convenient Freeway Accessibility – Strategically located directly off Interstate 280 (±199,000 CPD) on the signalized corner at Sneath Ln (±17,600 CPD), the property resides at daily resident and commuter route benefiting from consistent traffic

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$582 USD /SF

CAP RATE

6.62%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gather Kitchen and Bakery

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

CN0000

APN/PARCEL ID

017-245-080

ASK ABOUT THIS PROPERTY

310-550-2672

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310-550-2672

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