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Executive Summary

Absolute NNN Lease: Zero Landlord Responsibilities
Inflation Protection: 1.5% annual rent increases provide investors with a hedge against inflation.
100% Bonus Depreciation Restored: The One Big Beautiful Bill Act of 2025 (OBBBA) has reinstated 100% bonus depreciation for qualified property federally. Prospective investors should consult their own tax advisors regarding eligibility and applicability.
Strong brand / reliable tenant: Take 5 Oil Change is a well-recognized national quick-service oil change brand with over 1,500 locations, bringing operational stability and a large potential customer base.
High-Visibility, Target-Shadowed Location: The property is Target-shadowed on MacDonald Ave, a primary Richmond thoroughfare with excellent accessibility and strong traffic counts, providing high visibility and capturing both local consumer and nearby workforce demand.
Recession-resilient use: Automotive maintenance is a recurring, non-discretionary service. Even during economic downturns, consumers prioritize essential upkeep like oil changes—supporting stable demand and durable tenancy.
Strong Demographics: Richmond, CA is supported by a dense population of 281,431+ (5-mile radius) residents within the high-income Bay Area, with strong household incomes and a stable, working-age demographic. Its diverse consumer base and strategic proximity to major employment hubs drive consistent, needs-based demand and long-term market stability.
New OpenAI Robotics Site: The Subject Property benefits from close proximity (±10 minutes) to OpenAI’s newly leased ~202,000 SF robotics and advanced manufacturing facility in Richmond—marking the company’s first major East Bay expansion. This high-profile development is expected to bring significant investment, high-skilled employment, and long-term economic growth to the immediate area.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,575 SF
Building Class
B
Year Built
1988
Price
$2,716,000 CAD
Price Per SF
$1,724.44 CAD
Cap Rate
5.50%
NOI
$149,380 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.23 AC
Zoning
CM-3 - Commercial Mixed-Use
Parking
6 Spaces (3.81 Spaces per 1,000 SF Leased)
Frontage
87’ on Macdonald Ave

Amenities

  • Corner Lot
  • Freeway Visibility
  • Signage
  • Signalized Intersection
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100

Nearby Major Retailers

Chase Bank
Mechanics Bank
Citi
Planet Fitness - Richmond , CA
Starbucks
Bank of America
Grocery Outlet
CrossFit
Safeway
U.S. Bank

Property Taxes

Property Taxes

Parcel Number
517-231-009-5
Land Assessment
$1,161,250 CAD
Improvements Assessment
$616,914 CAD
Total Assessment
$1,778,163 CAD
  • Listing ID: 40189348

  • Date on Market: 2026-04-17

  • Last Updated:

  • Address: 4325 MacDonald Ave, Richmond, CA 94805

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