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Single Tenant NNN Leased Investment 643 Emerson St 5,590 SF Retail Building Palo Alto, CA 94301 $8,986,250 CAD ($1,607.56 CAD/SF) 4.94% Cap Rate
EXECUTIVE SUMMARY
Single Tenant NNN Leased Investment. Tenant handles all costs and responsibilities related to property.
$321,139.52 Annually / $26,769.96 monthly
~3% annual base rent increases
Current lease through June 30, 2031
Landmark Buca Di Beppo location in prime downtown Palo Alto location. Exceptional cash flow and upside for future development.
$321,139.52 Annually / $26,769.96 monthly
~3% annual base rent increases
Current lease through June 30, 2031
Landmark Buca Di Beppo location in prime downtown Palo Alto location. Exceptional cash flow and upside for future development.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,590 SF
Building Class
C
Year Built
1947
Price
$8,986,250 CAD
Price Per SF
$1,607.56 CAD
Cap Rate
4.94%
NOI
$443,975 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.43
Lot Size
0.09 AC
Zoning
CD-C(GF)(P) - CD-C(GF)(P):
Retail, Restaurant. Trade school, church, studio, classes, school, business office*, medical office*, club, day care. (see below)
Frontage
40’ on Emerson St
Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (100)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 120-27-020 | Improvements Assessment | $548,071 CAD |
| Land Assessment | $286,423 CAD | Total Assessment | $834,494 CAD |
PROPERTY TAXES
Parcel Number
120-27-020
Land Assessment
$286,423 CAD
Improvements Assessment
$548,071 CAD
Total Assessment
$834,494 CAD
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Single Tenant NNN Leased Investment | 643 Emerson St
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