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2638 Somersville Rd
Antioch, CA 94509
Retail Property For Sale

EXECUTIVE SUMMARY
The Commercial Portion includes the existing grocery anchored five tenant ±40,677 SF in-line retail building located on ±11.61 acres. The retail building, which will be
maintained during and after redevelopment, is anchored by the neighborhood grocer Smart & Final which has seen steady sales growth at this location since 2016. Also included in the offering is the commercial pad located on the southeastern portion of the site which is currently ground leased to Starbucks (“Starbucks Pad”), and the currently undeveloped commercial pad (“Pad-J”), located at the southwestern corner of the site. The existing retail tenants provide the developer with a key in-place triple net income stream from day one of ownership, further adding to the unparalleled offering at The Village at Somersville Towne Center.
maintained during and after redevelopment, is anchored by the neighborhood grocer Smart & Final which has seen steady sales growth at this location since 2016. Also included in the offering is the commercial pad located on the southeastern portion of the site which is currently ground leased to Starbucks (“Starbucks Pad”), and the currently undeveloped commercial pad (“Pad-J”), located at the southwestern corner of the site. The existing retail tenants provide the developer with a key in-place triple net income stream from day one of ownership, further adding to the unparalleled offering at The Village at Somersville Towne Center.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
40,677 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
1966
Percent Leased
100%
Building Height
1 Story
Opportunity Zone
Yes
PROPERTY TAXES
| Parcel Number | 074-450-036-4 | Improvements Assessment | $8,433,451 CAD |
| Land Assessment | $7,208,019 CAD | Total Assessment | $15,641,470 CAD |
PROPERTY TAXES
Parcel Number
074-450-036-4
Land Assessment
$7,208,019 CAD
Improvements Assessment
$8,433,451 CAD
Total Assessment
$15,641,470 CAD
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