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Single tenant NNN leased investment 1165-1195 Merrill St 7,463 SF 100% Leased Retail Building Menlo Park, CA 94025 $11,889,500 CAD ($1,593.13 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
$11,889,500 CAD
Price Per SF
$1,593.13 CAD
Cap Rate
4.95%
NOI
$588,530 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 |
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (100)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 114-090-260 | Improvements Assessment | $1,128,188 CAD |
| Land Assessment | $4,339,211 CAD | Total Assessment | $5,467,399 CAD |
PROPERTY TAXES
Parcel Number
114-090-260
Land Assessment
$4,339,211 CAD
Improvements Assessment
$1,128,188 CAD
Total Assessment
$5,467,399 CAD
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Single tenant NNN leased investment | 1165-1195 Merrill St
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