Skip to main content

Restaurant

560 & 604 MacArthur Blvd, San Leandro

560 MacArthur Blvd, San Leandro, CA 94577

Listing Price: $3,950,000

Cap Rate
7.45%
Tenant Name
Jerry's Beefburgers
Years Remaining On Lease
3.3
Guarantor
Local Franchisee
Rentable SF
11,275
Lease Type
Tenant at Will
Rent Per Square Feet
$16.59

Investment Overview

The offering at 560 & 604 MacArthur Boulevard presents a rare opportunity to acquire two high-profile restaurant assets, available together or individually, occupied by well-known food establishments along one of San Leandro’s busiest thoroughfares. The property is anchored by Jerry’s Beefburgers, a legacy burger stand that has been a staple in the community since 1953, providing stable tenancy and strong brand recognition, while the adjacent space is occupied by Oriental Tea House, a dim sum restaurant currently on a month-to-month lease, offering flexibility for an owner-user or the potential to capture rental upside. The site benefits from dual frontage along MacArthur Boulevard and Foothill Boulevard, ample parking (approximately seven spaces per 1,000 square feet), prominent signage, and exceptional visibility directly off Interstate 580—an uncommon advantage for restaurant properties in the East Bay. Strategically located between Oakland and Berkeley to the north, and Hayward, Fremont, and Castro Valley to the south, the property offers strong regional accessibility and customer draw. Combined, the two parcels total approximately 1.22 acres and are included in the City of San Leandro’s Housing Element Site Inventory with mixed-use and housing designations, enhancing long-term value through potential redevelopment opportunities. Overall, the offering presents a compelling blend of in-place income, near-term value-add potential, and long-term land appreciation in a supply-constrained East Bay market.

Investment Highlights

  • Low Management, Passive Investment – Reliable income stream from proven restaurant tenants with minimal owner involvement, and not subject to rent control.
  • Exceptional Owner-User / Value-Add Opportunity – Buyers can occupy and/or capture substantial rental upside with a turn-key restaurant space ready for repositioning.
  • Extensive Capital Improvements – Recent capital improvements including new roof, remodeled kitchen, and resurfaced parking lot.
  • Great Location With Established Restaurant Presence– Investors and owner users have the opportunity to acquire an exceptional retail asset
  • Well-Positioned For Future Redevelopment – Both parcels are designated in the City of San Leandro's 2023-2031 Housing Element Site Inventory as suitable for future development.

Exclusively Listed By

Restaurant

560 & 604 MacArthur Blvd, San Leandro

Listing Price: $3,950,000

Cap Rate
7.45%
Tenant Name
Jerry's Beefburgers
Years Remaining On Lease
3.3
Guarantor
Local Franchisee
Rentable SF
11,275
Lease Type
Tenant at Will
Rent Per Square Feet
$16.59

Investment Highlights

  • Low Management, Passive Investment – Reliable income stream from proven restaurant tenants with minimal owner involvement, and not subject to rent control.
  • Exceptional Owner-User / Value-Add Opportunity – Buyers can occupy and/or capture substantial rental upside with a turn-key restaurant space ready for repositioning.
  • Extensive Capital Improvements – Recent capital improvements including new roof, remodeled kitchen, and resurfaced parking lot.
  • Great Location With Established Restaurant Presence– Investors and owner users have the opportunity to acquire an exceptional retail asset
  • Well-Positioned For Future Redevelopment – Both parcels are designated in the City of San Leandro's 2023-2031 Housing Element Site Inventory as suitable for future development.

Investment Overview

The offering at 560 & 604 MacArthur Boulevard presents a rare opportunity to acquire two high-profile restaurant assets, available together or individually, occupied by well-known food establishments along one of San Leandro’s busiest thoroughfares. The property is anchored by Jerry’s Beefburgers, a legacy burger stand that has been a staple in the community since 1953, providing stable tenancy and strong brand recognition, while the adjacent space is occupied by Oriental Tea House, a dim sum restaurant currently on a month-to-month lease, offering flexibility for an owner-user or the potential to capture rental upside. The site benefits from dual frontage along MacArthur Boulevard and Foothill Boulevard, ample parking (approximately seven spaces per 1,000 square feet), prominent signage, and exceptional visibility directly off Interstate 580—an uncommon advantage for restaurant properties in the East Bay. Strategically located between Oakland and Berkeley to the north, and Hayward, Fremont, and Castro Valley to the south, the property offers strong regional accessibility and customer draw. Combined, the two parcels total approximately 1.22 acres and are included in the City of San Leandro’s Housing Element Site Inventory with mixed-use and housing designations, enhancing long-term value through potential redevelopment opportunities. Overall, the offering presents a compelling blend of in-place income, near-term value-add potential, and long-term land appreciation in a supply-constrained East Bay market.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower