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Restaurant

943 B Street

943 B St, Hayward, CA 94541

Listing Price: $2,180,000

Cap Rate
3.15%
Tenant Name
Pizza Parlor
Years Remaining On Lease
0.2
Gross SF
6,600
Guarantor
Private Guarantee
Rentable SF
6,600
Price/Gross SF
$330.30
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.64

Investment Overview

This offering consists of a 6,600 square foot single tenant retail building, on a 0.24-acre lot, with great B Street frontage, and a prized location just two-blocks from Hayward City Hall. The property benefits from high foot traffic due to the nearby City of Hayward services, nearby office buildings, and proximate bustling commerce. Major national tenants within a four-block radius include: Starbucks, Peet’s Coffee, Union Bank, Bank of the West, Comerica Bank, and Wells Fargo. The building is currently occupied by The Pizza House, who signed a five-year lease with no options to extend on March 22nd, 2018. The prime location and short-term lease (just five months remaining) make this an ideal offering for either an investor looking to renegotiate and extend the lease, or owner users looking for a central location, surrounded by other major retailers. The building was constructed circa 1924 (per public records) and underwent significant tenant improvements in 2018 when the current tenant, Pizza House moved in from across the street. The property features spacious dine-in seating, a large outdoor patio to the rear, and a flat roof.

Investment Highlights

  • Great visibility with frontage on B Street, two-blocks from Hayward City Hall, surrounded by retailers, restaurants, and cafes.
  • 1924 construction on large 0.24-acre lot with patio seating to rear of property.
  • Existing Tenant has lease through March 2023 with no options to extend, allowing for optimal flexibility for new owner user, or potential lease renegotiation at a higher lease rate.

Exclusively Listed By

  • Jon A. Holmquist

    Senior Managing Director Investments

    (415) 625-2117

    Email Jon

    License(s): CA: 01257479

    San Francisco

Restaurant

943 B Street

Listing Price: $2,180,000

Cap Rate
3.15%
Tenant Name
Pizza Parlor
Years Remaining On Lease
0.2
Gross SF
6,600
Guarantor
Private Guarantee
Rentable SF
6,600
Price/Gross SF
$330.30
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.64

Investment Highlights

  • Great visibility with frontage on B Street, two-blocks from Hayward City Hall, surrounded by retailers, restaurants, and cafes.
  • 1924 construction on large 0.24-acre lot with patio seating to rear of property.
  • Existing Tenant has lease through March 2023 with no options to extend, allowing for optimal flexibility for new owner user, or potential lease renegotiation at a higher lease rate.

Investment Overview

This offering consists of a 6,600 square foot single tenant retail building, on a 0.24-acre lot, with great B Street frontage, and a prized location just two-blocks from Hayward City Hall. The property benefits from high foot traffic due to the nearby City of Hayward services, nearby office buildings, and proximate bustling commerce. Major national tenants within a four-block radius include: Starbucks, Peet’s Coffee, Union Bank, Bank of the West, Comerica Bank, and Wells Fargo. The building is currently occupied by The Pizza House, who signed a five-year lease with no options to extend on March 22nd, 2018. The prime location and short-term lease (just five months remaining) make this an ideal offering for either an investor looking to renegotiate and extend the lease, or owner users looking for a central location, surrounded by other major retailers. The building was constructed circa 1924 (per public records) and underwent significant tenant improvements in 2018 when the current tenant, Pizza House moved in from across the street. The property features spacious dine-in seating, a large outdoor patio to the rear, and a flat roof.

Exclusively Listed By

  • Jon A. Holmquist

    Senior Managing Director Investments

    (415) 625-2117

    Email Jon

    License(s): CA: 01257479

    San Francisco

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