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Shopping Strip

2-Tenant Retail

9889-9895 San Pablo Ave, El Cerrito, CA 94530

Listing Price: $4,070,000

Cap Rate
4.00%
Gross SF
3,573
Rentable SF
3,573
Price/Gross SF
$1,139.10
Lot Size
0.28 acres
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to introduce this 2-tenant subject property 100% leased to Peet's Coffee and FedEx Office. Both tenants have enjoyed a long-term tenancy and recently executed lease extensions to their triple net corporate leases. The property offers ample on-site parking with street access from both San Pablo Avenue and Carlson Boulevard. The daily traffic count is reported at 27,500 on San Pablo Avenue. The subject property is situated across the street from is El Cerrito Plaza, a +/-255,828 square foot retail power center leased to national tenants such as Lucky Grocery, Trader Joe’s, Romano's Macaroni Grill, Barnes & Noble, Ross Dress for Less, JoAnn Fabrics and Crafts, CVS, Panda Express, Starbucks and more. Situated 0.5 miles from the subject property is Albany Middle School with approximately +/-900 students enrolled and 0.9 miles away is El Cerrito High School with approximately +/-1,506 students enrolled. Located 0.4 miles away is the El Cerrito Plaza BART Station. El Cerrito is located approximately 10 miles north of downtown Oakland and enjoys a city population estimated at 25,962. Average Household Income within a three-mile radius of the subject property is reported at $148,044 with 147,630 residents within the same radius.

Investment Highlights

  • Pride-of-Ownership Property
  • 100% Leased to two corporate tenants on triple net leases
  • Corner Location at Signalized Intersection with daily traffic count reported at +/-27,500
  • Attractive Area Demographics with Average Household Income within a three-mile radius of the subject property is reported at $148,044 with 147,630 residents within the same radius.
  • Located across the street from El Cerrito Plaza Shopping Center as Lucky Grocery, Trader Joe's, Barnes & Noble, Ross Dress for Less, CVS, Panda Express, Starbucks and more.

Exclusively Listed By

Shopping Strip

2-Tenant Retail

Listing Price: $4,070,000

Cap Rate
4.00%
Gross SF
3,573
Rentable SF
3,573
Price/Gross SF
$1,139.10
Lot Size
0.28 acres
Year Built
2005

Investment Highlights

  • Pride-of-Ownership Property
  • 100% Leased to two corporate tenants on triple net leases
  • Corner Location at Signalized Intersection with daily traffic count reported at +/-27,500
  • Attractive Area Demographics with Average Household Income within a three-mile radius of the subject property is reported at $148,044 with 147,630 residents within the same radius.
  • Located across the street from El Cerrito Plaza Shopping Center as Lucky Grocery, Trader Joe's, Barnes & Noble, Ross Dress for Less, CVS, Panda Express, Starbucks and more.

Investment Overview

Marcus & Millichap is pleased to introduce this 2-tenant subject property 100% leased to Peet's Coffee and FedEx Office. Both tenants have enjoyed a long-term tenancy and recently executed lease extensions to their triple net corporate leases. The property offers ample on-site parking with street access from both San Pablo Avenue and Carlson Boulevard. The daily traffic count is reported at 27,500 on San Pablo Avenue. The subject property is situated across the street from is El Cerrito Plaza, a +/-255,828 square foot retail power center leased to national tenants such as Lucky Grocery, Trader Joe’s, Romano's Macaroni Grill, Barnes & Noble, Ross Dress for Less, JoAnn Fabrics and Crafts, CVS, Panda Express, Starbucks and more. Situated 0.5 miles from the subject property is Albany Middle School with approximately +/-900 students enrolled and 0.9 miles away is El Cerrito High School with approximately +/-1,506 students enrolled. Located 0.4 miles away is the El Cerrito Plaza BART Station. El Cerrito is located approximately 10 miles north of downtown Oakland and enjoys a city population estimated at 25,962. Average Household Income within a three-mile radius of the subject property is reported at $148,044 with 147,630 residents within the same radius.

Exclusively Listed By

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