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DaVita Anchored Retail Center 100% Leased-NNN 4200 MacDonald Ave 12,255 SF 100% Leased Retail Building Richmond, CA 94805 $7,360,328 CAD ($600.60 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Prime Location-100% Leased-Three Tenant DaVita Dialysis anchored NNN Retail Center
- Located in the Target anchored Macdonald 80 Shopping Center in Richmond, CA
- High demand residential radius with a projected population growth of 0.7% between 2025-2030
- Attractive NNN leases with longer terms expiring between December 2029 and October 2034- Two of the three tenants have renewal options
- Near Busy I-80 (ADT 211,000 cars) and a population of 165,000 people within a 3 mile radius
Executive Summary
Mary Alam of NAI Northern California, as exclusive advisor, is pleased to present for sale a DaVita Dialysis anchored retail pad located in the Macdonald 80 Shopping Center in Richmond, CA. The Shopping Center has a monument sign right off I-80 and is anchored by a successful Target Store and other retailers such as Wells Fargo, AT&T, Panda Express, Sally Beauty and more.
The Subject property is leased to three tenants on a NNN basis and has housed DaVita Dialysis since 2011. The leases are NNN and the lease terms are staggered with expirations between December 2029 and October 2034. 2 of the 3 tenants have extension options.
The property location in the Richmond-El Cerrito-San Pablo Corridor has seen major housing activity in the past few years with home prices in excess of $1 mil. in nearby Albany, El Cerrito and Berkeley.
The Subject property is leased to three tenants on a NNN basis and has housed DaVita Dialysis since 2011. The leases are NNN and the lease terms are staggered with expirations between December 2029 and October 2034. 2 of the 3 tenants have extension options.
The property location in the Richmond-El Cerrito-San Pablo Corridor has seen major housing activity in the past few years with home prices in excess of $1 mil. in nearby Albany, El Cerrito and Berkeley.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
12,255 SF
Building Class
B
Year Built
2008
Price
$7,360,328 CAD
Price Per SF
$600.60 CAD
Cap Rate
7.25%
NOI
$533,916 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.20 AC
Zoning
C-3
Parking
50 Spaces (4.08 Spaces per 1,000 SF Leased)
Frontage
302’ on Macdonald Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Beauty School
- Educational Services
- 3,000 SF
- -
- Triple Net
- -
-
- Health Care and Social Assistance
- 7,800 SF
- -
- -
- -
Chez DaVita, ils sont déterminés à offrir des soins différentiels, équitables et holistiques à leurs patients tout au long de leur parcours de maladie rénale. DaVita est guidée par sa mission — devenir le fournisseur, le partenaire et l'employeur de choix — et par un ensemble de valeurs fondamentales — excellence du service, intégrité, équipe, amélioration continue, responsabilisation, exécution et amusement — qui sont renforcées à tous les niveaux de l'organisation. Ils s'engagent à appliquer des politiques et des pratiques solides en matière de gouvernance d'entreprise, ainsi qu'à respecter les lois fédérales et étatiques.
- Gallery Barbershop
- Services
- 1,200 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Beauty School | Educational Services | 3,000 SF | - | Triple Net | - | |
|
|
Health Care and Social Assistance | 7,800 SF | - | - | - | |
| Gallery Barbershop | Services | 1,200 SF | - | Triple Net | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 517-280-014-5 | Improvements Assessment | $4,675,676 CAD |
| Land Assessment | $2,796,864 CAD | Total Assessment | $7,472,539 CAD |
Property Taxes
Parcel Number
517-280-014-5
Land Assessment
$2,796,864 CAD
Improvements Assessment
$4,675,676 CAD
Total Assessment
$7,472,539 CAD
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DaVita Anchored Retail Center 100% Leased-NNN | 4200 MacDonald Ave
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