$5,538,000 USD
415-509-6276
HIGHLIGHTS
- Absolute NNN Sale-Leaseback: 12,000 SF building featuring a corporate-guaranteed lease with 10% rent increases every five years and two 5-year options
- Stable Performance: Consistent location ranking in the 54th percentile of furniture stores nationwide with approx. 10,500 annual visits, per Placer.ai
- Brand Strength: La-Z-Boy (NYSE: LZB) is a legacy brand with nearly 100 years of operation and nationwide name recognition.
- Resilient Asset Class: Internet-resistant tenancy; the “try-before-you-buy” nature of furniture ensures long-term utility of the physical showroom.
- Costco Shadow Anchor: Strategically positioned immediately adjacent to a high-volume Costco Wholesale, driving daily high-value crossover traffic.
- Regional Crossroads: Located at the critical I-80/I-680 interchange (“Gateway to the Bay”), benefiting from traffic counts of ~174,000 VPD on I-80.
FOR SALE DETAILS
PRICE
$5,538,000 USD
PRICE/SF
$462 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
La-Z-Boy
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
1.66 AC
LAND SF
72,310 SF
ZONING
COMML
APN/PARCEL ID
0148-270-170
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415-509-6276
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415-509-6276
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