Log In/Sign Up
Your email has been sent.
Single tenant NNN leased investment 1165-1195 Merrill St 7,463 SF 100% Leased Retail Building Menlo Park, CA 94025 $11,878,320 CAD ($1,591.63 CAD/SF) 4.95% Cap Rate
Investment Highlights
- Fully leased restaurant with indoor and outdoor dining.
- Abundant and secure below-grade parking and Caltrain parking.
- Adjacent to transformative Station 1300 development and steps from Santa Cruz Avenue.
- Walk to downtown, entertainment and Caltrain Station (across the street).
- Excellent Silicon Valley location in the heart of downtown Menlo Park.
Executive Summary
±7,463 RSF Restaurant for sale located in Downtown Menlo Park. The credit tenant has two 5-year extensions beyond the 2030 lease expiration. Immediate access to CalTrain stop across Merrill Street. Underground parking on site.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,463 SF
Building Class
B
Year Built
2002
Price
$11,878,320 CAD
Price Per SF
$1,591.63 CAD
Cap Rate
4.95%
NOI
$587,977 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.31 AC
Zoning
SP-ECR - Commercial
Frontage
Amenities
- Metro/Subway
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Farmhouse Kitchen Thai Cuisine
- Accommodation and Food Services
- 7,463 SF
- -
- Triple Net
- Jan 2030
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Farmhouse Kitchen Thai Cuisine | Accommodation and Food Services | 7,463 SF | - | Triple Net | Jan 2030 |
Moderately walkable
70/100
Moderately drivable
70/100
Strong public transit
80/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 114-090-260 | Improvements Assessment | $1,105,544 CAD |
| Land Assessment | $4,252,118 CAD | Total Assessment | $5,357,662 CAD |
Property Taxes
Parcel Number
114-090-260
Land Assessment
$4,252,118 CAD
Improvements Assessment
$1,105,544 CAD
Total Assessment
$5,357,662 CAD
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Single tenant NNN leased investment | 1165-1195 Merrill St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.