Back on Market – 3850 Main Street, Oakley, CA – $850,000 High-Visibility Commercial Property | 7.39% Cap Rate | Income + Redevelopment Upside Back on the market with recent lot improvements and a compelling value proposition. This 0.98-acre (±42,689 SF) commercial parcel features a ±2,500 SF freestanding building on a secure NNN lease with annual rent escalations. At the new $850K list price, this investment delivers a ~7.39% cap rate—offering both stable income and future development potential in a fast-growing East Bay submarket. Property Highlights: • Lot Size: ±42,689 SF (0.98 acres) • Building Size: ±2,500 SF • Cap Rate: ~7.39% (based on current NNN lease income) • Lease: Tenant in place through 9/30/2027 with annual rent increases • Landlord Responsibilities: Minimal (NNN lease) • Tenant Flexibility: Open to early termination for owner-user opportunity • Recent Upgrades: Lot cleanup, refreshed curb appeal, and site preparation completed • Pre-Development Work: $60,000+ invested in architectural plans, studies, and reports – ready for your vision • Zoning: Commercial – wide range of uses allowed (retail, office, medical, mixed-use) Why This is a Rare Find: • Back on market with a stronger presentation and income-producing stability • Attractive 7.39% cap rate with potential to increase value through redevelopment or re-tenanting • Excellent Main Street frontage with heavy daily traffic counts • One of the last large commercial parcels in Oakley – a city with surging population growth and retail demand Location Advantage: Oakley’s growth is fueled by new housing developments, infrastructure investment, and its proximity to the Antioch BART extension. This Main Street location ensures maximum visibility and accessibility, positioning it for sustained long-term value. Asking Price: $850,000 Perfect for 1031 exchange buyers, investors seeking strong returns, or developers ready to capitalize on Oakley’s expansion. Income now, upside later—properties like this don’t stay on the market long.