626 Contra Costa Blvd - Freestanding FOR SALE
Pleasant Hill, CA 94523 |
$7,325,000 USD
415-509-6276
626 Contra Costa Blvd
Pleasant Hill, CA 94523
HIGHLIGHTS
- Absolute NNN Sale-Leaseback: 14,359 SF asset secured by a corporate-guaranteed lease with 10% rental increases every five years and two 5-year options
- Nationally Ranked Performance: Exceptional store volume, currently ranked #6 out of 321 locations nationwide with 44,200 visits in the past 12 months,
- 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.
- High-Barrier Infill Market: Rare fee-simple retail opportunity in a dense, supply-constrained East Bay corridor with historically low vacancy.
- Dominant Retail Synergy: Situated on “Furniture Row” near Sunvalley Mall and the Veranda; adjacent to Target, Best Buy, and Nordstrom Rack.
FOR SALE DETAILS
PRICE
$7,325,000 USD
PRICE/SF
$510 USD /SF
CAP RATE
6.25%
% 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
1971
SPRINKLERS
-
PARKING SPACES
97
LAND DETAILS
LAND ACRES
0.83 AC
LAND SF
36,154 SF
ZONING
-
APN/PARCEL ID
153-270-006-7
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415-509-6276
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415-509-6276
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