1741 Clayton Rd 12,153 SF 57% Leased Retail Building Concord, CA 94520 $2,484,846 CAD ($204.46 CAD/SF) 5.72% Cap Rate

Marcus & Millichap is pleased to present the opportunity to acquire 1741 Clayton Road, a value-add mixed-use investment property located in the heart of Concord, California. The property consists of an approximately 12,153-square-foot commercial building situated on a 0.42-acre parcel with paved parking and mature landscaping. Originally constructed in 1958, the asset offers a compelling combination of in-place cash flow, leasing upside, and long-term redevelopment potential.
The property is currently 57% leased to three tenants, providing stable income with meaningful near-term upside through lease-up of the approximately 5,282-square-foot vacant space. Featuring a separate entrance, the vacant area is well suited for warehouse, storage, retail, or flex use. Investors may also have the opportunity to further enhance value by reconfiguring and combining portions of the existing occupied and vacant space to achieve stronger market rents and optimize the tenant mix.
The existing tenancy is comprised of a diverse mix of neighborhood-oriented retailers serving the surrounding community. All leases are structured as triple-net (NNN), minimizing landlord responsibilities and operating expenses. Current in-place rents average approximately $1.36 per square foot per month NNN, significantly below recent market comparables in the area, creating an attractive mark-to-market opportunity upon lease rollover and stabilization.
The property is zoned DMX (Downtown Mixed Use), allowing for a broad range of commercial, mixed-use, and residential development options. The zoning permits a floor area ratio (FAR) of up to 6.0 and building heights up to 200 feet, offering substantial long-term redevelopment potential in one of Contra Costa County’s most dynamic urban corridors.
Concord is the largest city in Contra Costa County and the eighth-largest city in the Bay Area, with a population exceeding 125,000 residents. Strategically located approximately 30 miles east of San Francisco, 54 miles from San Jose, 68 miles from Sacramento, and 42 miles from Napa Valley, Concord provides convenient access to major employment centers, transportation corridors, and regional amenities throughout Northern California.
This offering presents investors with the rare opportunity to acquire a well-located Bay Area asset featuring stable in-place income, significant leasing upside, and exceptional long-term redevelopment potential.