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3110 Buchanan, Antioch -Grocery Outlet shadow 3110 Buchanan Rd 5,585 SF Vacant Retail Building Antioch, CA 94509 $4,392,787 CAD ($786.53 CAD/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Anchored by Grocery Outlet (NAP) and Subway
  • Corporate Guarantee Subway Lease.
  • Directly across from Sommerville Town Center, a 550,000 SF Regional Mall anchored by Smart & Final and 24 Hour Fitness
  • Located in an Opportunity Zone, Providing Unique Tax benefits to Investor.
  • Excellent Visibility with Monument Signage.
  • Affluent Demographics: $88,000 AHI and 161,000 people within a 5 Mile Radius.

EXECUTIVE SUMMARY

Great Owner-User Investment Opportunity. Grocery Anchored Shopping Center built in 2015. Ideal for Retail, Restaurant, Medical, Office. Vacant end cap space of 1,834 sf is available for lease. Middle space has been leased to a dentist. Subway lease is a Subway corporate guarantee lease. Corner intersection with great visibility. Across from Somerville Towne Center, a 500,000 sf mall that is anchored by Smart & Final and 24 Hour Fitness.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,585 SF
Building Class
B
Year Built
2015
Price
$4,392,787 CAD
Price Per SF
$786.53 CAD
Cap Rate
6%
NOI
$263,567 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.86 AC
Opportunity Zone
Yes
Zoning
P-D - Planned Development District
Parking
37 Spaces (6.62 Spaces per 1,000 SF Leased)
Frontage
60’ on Buchanan Rd

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
  • Monument Signage
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Grocery Outlet
Smart & Final Extra
Bank of America
Bank of Montreal
24 Hour Fitness
Starbucks
MOD Pizza
Chase Bank
Denny's
Outback Steakhouse

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
074-480-004-6
Land Assessment
$610,923 CAD
Improvements Assessment
$1,745,005 CAD
Total Assessment
$2,355,928 CAD
  • Listing ID: 24164750

  • Date on Market: 2021-09-24

  • Last Updated:

  • Address: 3110 Buchanan Rd, Antioch, CA 94509

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