Excellent investment opportunity in a highly visible location near I-610 with direct frontage on Almeda Rd. Property includes a 1,500 SF Subway with a lease in place through January 2031, generating $4,050 per month base rent, along with a vacant ±4,000 SF first-generation retail building delivered in dark shell condition. Based on projected lease-up of the vacant space, the property offers a 6.65% pro forma cap rate, creating a compelling value-add opportunity for investors.
Highlights:
-Approximately 1,500 SF Subway leased through January 2031
-$4,050/month base rent from existing tenant
185,588 pro forma
-±4,000 SF vacant first-generation retail building
-Dark shell ready for tenant buildout
--25 parking spaces
-Two curb cuts for easy ingress/egress
-Excellent visibility near I-610 and Almeda Rd
-Value-add investment or owner-user opportunity