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7.0% CAP RATE - RARE VALUE-ADD WITH UPSIDE 1611-1663 A St 41,638 SF 100% Leased Retail Building Antioch, CA 94509 $8,533,613 CAD ($204.95 CAD/SF) 7% Cap Rate
Executive Summary
STRONG IN-PLACE CASH FLOW
• 7.0% in-place cap rate with strong existing income
• Upside to ~9.0%+ stabilized return (3 Vacant Units)
• NNN lease structure with minimal landlord expenses
TREMENDOUS VALUE ADD OPPORTUNITY
• In-place rents average ~$0.87/SF (NNN), well below market levels, providing significant mark-to-market upside.
• ±11,500 SF of vacancy provides immediate lease-up opportunity
• Opportunity to significantly grow NOI through stabilization
BELOW REPLACEMENT COST & MARKET PRICE PER/SF
• Attractive basis at ~$148/SF, below comparable retail sales
• Significantly below replacement cost with substantial upside potential
PRIME RETAIL CORRIDOR
• AutoZone-anchored center driving daily traffic
• Positioned on a high-traffic corridor (~20,000+ VPD)
• Surrounded by national retailers (Starbucks, Taco Bell, Wells Fargo, etc.)
• Dense infill location with built-in customer base
MULTI-TENANT RETAIL CENTER
• ±41,638 SF retail center on a 2.45-acre lot
• Building size per public record is 44,440 SF, rent roll reflects approximately 41,638 SF (Buyer to verify).
• 15-unit multi-tenant property
• Constructed in 1964
• ±100 parking spaces (±2.4/1,000 SF ratio)
• 7.0% in-place cap rate with strong existing income
• Upside to ~9.0%+ stabilized return (3 Vacant Units)
• NNN lease structure with minimal landlord expenses
TREMENDOUS VALUE ADD OPPORTUNITY
• In-place rents average ~$0.87/SF (NNN), well below market levels, providing significant mark-to-market upside.
• ±11,500 SF of vacancy provides immediate lease-up opportunity
• Opportunity to significantly grow NOI through stabilization
BELOW REPLACEMENT COST & MARKET PRICE PER/SF
• Attractive basis at ~$148/SF, below comparable retail sales
• Significantly below replacement cost with substantial upside potential
PRIME RETAIL CORRIDOR
• AutoZone-anchored center driving daily traffic
• Positioned on a high-traffic corridor (~20,000+ VPD)
• Surrounded by national retailers (Starbucks, Taco Bell, Wells Fargo, etc.)
• Dense infill location with built-in customer base
MULTI-TENANT RETAIL CENTER
• ±41,638 SF retail center on a 2.45-acre lot
• Building size per public record is 44,440 SF, rent roll reflects approximately 41,638 SF (Buyer to verify).
• 15-unit multi-tenant property
• Constructed in 1964
• ±100 parking spaces (±2.4/1,000 SF ratio)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
41,638 SF
Building Class
C
Year Built
1964
Price
$8,533,613 CAD
Price Per SF
$204.95 CAD
Cap Rate
7%
NOI
$597,419 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
2.45 AC
Zoning
CR - Commercial Retail District
Parking
100 Spaces (2.42 Spaces per 1,000 SF Leased)
Frontage
502’ on A St
Amenities
- Pylon Sign
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 065-183-035-8 | Improvements Assessment | $2,242,480 CAD |
| Land Assessment | $1,539,606 CAD | Total Assessment | $3,782,086 CAD |
Property Taxes
Parcel Number
065-183-035-8
Land Assessment
$1,539,606 CAD
Improvements Assessment
$2,242,480 CAD
Total Assessment
$3,782,086 CAD
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7.0% CAP RATE - RARE VALUE-ADD WITH UPSIDE | 1611-1663 A St
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