704 Central Ave - Freestanding FOR SALE
Alameda, CA 94501 |
704 Central Ave
Alameda, CA 94501
HIGHLIGHTS
- Brand new 10-year lease extension, proving the location to be an irreplaceable location for O’Reilly
- Lease extension includes an substantial 48% increase in rent
- Rare 10% rent increase in February 2028 & a 12% increase in the Option period
- Even with the most recent rent increase, O’Reilly is still paying ±38% below market rent, providing a buyer with future upside potential
- NN+ lease structure with minimal landlord responsibilities
- Extremely strong corporate guaranteed lease
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
O'Reilly Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
8212
STORIES
1
YEAR BUILT
1945
SPRINKLERS
-
PARKING SPACES
18
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
074-1328-030-00
