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Shopping Strip

Fallas @ Somersville

2602 Somersville Rd, Antioch, CA 94509

Listing Price: $4,550,000

Cap Rate
5.27%
Gross SF
75,490
Rentable SF
75,490
Price/Gross SF
$60.27
Lot Size
1.92 acres
Year Built
1980

Investment Overview

Fallas @ Somersville Towne Center is a 75,490 square foot single story retail box ideally located in the Somersville Towne Center, a 501,259 square foot regional shopping mall strategically positioned in one of the fastest growing areas of the San Francisco Bay area in Antioch, CA Marcus & Millichap has been selected to exclusively represent for sale Fallas @ Somersville Towne Center located at 2602 Somersville Road, a 75,490 square foot single story retail box situated on 83,695 square feet of land in the Somersville Towne Center in the burgeoning east Contra Costa County sub-market of Antioch, CA. The subject property is currently occupied by Fallas, a family-owned company that was first established in 1962 and which has expanded into 85 stores in California, Nevada, New Mexico, Arizona, Texas, and Puerto Rico. The company specializes in selling value-priced goods such as apparel, bedding, décor, and household supplies. Fallas Peredes will execute a short term NNN lease at the close of Escrow, creating an excellent opportunity for a value-add investor looking to stabilize the property while collecting a stabilized cash flow, or an owner-user looking to take occupy a portion or all of the property immediately or at some point in the near term future. Falles @ Somersville Towne Center is located within the Somersville Towne Center, a 501,259 square foot shopping center anchored by Smart & Final and 24 Hour Fitness. The shopping mall features a number of national retailers, including Bath & Body Works, Foot Locker, Starbucks, Journeys, and Champs Sports. The subject property is located along a strong retail corridor separated by the California Delta Highway. 2602 Somersville Road is located on the west side of California Delta Highway, along with the Orchard Square Shopping Center, Summersville Plaza, Kaiser Permanente Delta Fair Medical Offices, a 99 Cents Only Store, and a Big Lots. To the east of the California Delta Highway is the Century Plaza Shopping Center, which is home to a number of big box national credit tenants such as Ross Dress for Less, JOANN Fabrics and Crafts, PetSmart, Harbor Freight Tools, Target, and Burlington.

Investment Highlights

  • Anchor space to the Somersville Towne Center currently occupied by Fallas
  • Neighboring anchor spaces are occupied by Smart & Final and 24 Hour Fitness
  • Anchor space in the dominant regional mall in the immediate sub-market
  • Surrounded by businesses including Kaiser Permanente, DaVita Antioch Dialysis Center, and Fresenius Kidney Care
  • Ideal for an owner-user looking to take occupancy within the next one to two years
  • There are over 15,700 people located within one mile of the property, 90,200 within three miles of the property, and 161,800 within five miles of the property

Exclusively Listed By

Listing Price: $4,550,000

Cap Rate
5.27%
Gross SF
75,490
Rentable SF
75,490
Price/Gross SF
$60.27
Lot Size
1.92 acres
Year Built
1980

Investment Highlights

  • Anchor space to the Somersville Towne Center currently occupied by Fallas
  • Neighboring anchor spaces are occupied by Smart & Final and 24 Hour Fitness
  • Anchor space in the dominant regional mall in the immediate sub-market
  • Surrounded by businesses including Kaiser Permanente, DaVita Antioch Dialysis Center, and Fresenius Kidney Care
  • Ideal for an owner-user looking to take occupancy within the next one to two years
  • There are over 15,700 people located within one mile of the property, 90,200 within three miles of the property, and 161,800 within five miles of the property

Investment Overview

Fallas @ Somersville Towne Center is a 75,490 square foot single story retail box ideally located in the Somersville Towne Center, a 501,259 square foot regional shopping mall strategically positioned in one of the fastest growing areas of the San Francisco Bay area in Antioch, CA Marcus & Millichap has been selected to exclusively represent for sale Fallas @ Somersville Towne Center located at 2602 Somersville Road, a 75,490 square foot single story retail box situated on 83,695 square feet of land in the Somersville Towne Center in the burgeoning east Contra Costa County sub-market of Antioch, CA. The subject property is currently occupied by Fallas, a family-owned company that was first established in 1962 and which has expanded into 85 stores in California, Nevada, New Mexico, Arizona, Texas, and Puerto Rico. The company specializes in selling value-priced goods such as apparel, bedding, décor, and household supplies. Fallas Peredes will execute a short term NNN lease at the close of Escrow, creating an excellent opportunity for a value-add investor looking to stabilize the property while collecting a stabilized cash flow, or an owner-user looking to take occupy a portion or all of the property immediately or at some point in the near term future. Falles @ Somersville Towne Center is located within the Somersville Towne Center, a 501,259 square foot shopping center anchored by Smart & Final and 24 Hour Fitness. The shopping mall features a number of national retailers, including Bath & Body Works, Foot Locker, Starbucks, Journeys, and Champs Sports. The subject property is located along a strong retail corridor separated by the California Delta Highway. 2602 Somersville Road is located on the west side of California Delta Highway, along with the Orchard Square Shopping Center, Summersville Plaza, Kaiser Permanente Delta Fair Medical Offices, a 99 Cents Only Store, and a Big Lots. To the east of the California Delta Highway is the Century Plaza Shopping Center, which is home to a number of big box national credit tenants such as Ross Dress for Less, JOANN Fabrics and Crafts, PetSmart, Harbor Freight Tools, Target, and Burlington.

Exclusively Listed By

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