3800 Alhambra Ave - Auto Repair FOR SALE


Martinez, CA 94553- Outer Richmond/Martinez
$5,679,000 USD
503-946-4913
3800 Alhambra Ave, Martinez, CA for Sale
$5,679,000 USD
Auto Repair - FOR SALE
1/5
null | 5.3% Cap Rate

3800 Alhambra Ave
Martinez, CA 94553
Outer Richmond/Martinez


HIGHLIGHTS

  • Brand New, Long-Term NNN Lease – Les Schwab proposes a 20-year NNN lease with 6 additional 5-year renewal options
  • Scheduled Rental Increases – The lease implements 10% rental increases every 5 years
  • Limited Future Competition – A geographically constrained and dense trade area

OVERVIEW

* Brand New, Long-Term NNN Lease – Les Schwab proposes a 20-year NNN lease with 6 additional 5-year renewal options, demonstrating the tenant’s strong commitment to this location while offering the most secure form of real estate investment * Les Schwab Tires is one of the largest independent tire dealers in the US, with +500 locations across the Western US and +7,000 employees. Generating more than $2B in annual revenue * Scheduled Rental Increases – The lease implements 10% rental increases every 5 years, an attractive investment attribute providing significant income growth and a strong hedge against inflation * Remarkable Placer.ai Data – According to Placer.ai location intelligence, this site shows in the top 30% for national Les Schwab in-store visits, boasting 20 years of outstanding performance with top-notch customer reviews and a loyal client base * Limited Future Competition – A geographically constrained and dense trade area, bordered by the Carquinez Strait to the North and the Briones Regional Park to the West, restricts sites for future development, creating high barriers to entry and preserving the area’s long-term growth and economic stability * Targeted Location with Convenient Accessibility – Les Schwab is accessible from Alhambra Ave (±24,600 CPD) with immediate access to John Muir Pkwy (±55,400 CPD), allowing for convenient and consistent traffic to the site

FOR SALE DETAILS

PRICE

$5,679,000 USD

PRICE/SF

$284 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Les Schwab

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

79

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Neighborhood Commercial

APN/PARCEL ID

370-071-010-0

ASK ABOUT THIS PROPERTY

Wes BochnerCBREMore Info
503-946-4913

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Wes BochnerCBREMore Info
503-946-4913

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