NNN Investment Opportunity with In-Place CAP rate of 6.6% Annual 3% Increase in Lease. Newer 3 Contiguous Ground Floor Retail Commercial Condo units located in Excellent Emeryville Retail District. Great Visibility from High Traffic Count San Pablo Ave/40th St over 135,000 daily. Retail space is ground floor facing San Pablo Ave. w/125 Residential condos above. 2942sf contiguous and can be individually sold/rented into 3 units retail storefront consisting of (Ste H )939sf, (Ste I)945sf, and(Ste J) 920sf or rented out jointly. There are 2 recently constructed ADA approved restrooms, 3 separate HVAC system. 91 customer parking spaces designated for the retail shops. Across the Street from East Bay Bridge Shopping Center with National Retailer Target, Pak N Save(Safeway), Home Depot, Nordstorm Rack. Near major tech hub(Pixar), along Emery Go-Round route, easy access to freeway on and off ramp. Ste H, I, and J. Flexible Located on one of the busiest retail/commercial street in the east bay. Currently leased to one single tenant who has been operating for the past 5 years and had just exercised an option to extend the lease for additional 5 years through Feb 2029. Currently Lease include an annual 3% increase per year for the next 5 years.
MLS #
BE41032677
MLS Source
Bay East
Parking Spaces
91
Present Use
Retail
Utilities
Water - Public
Flooring
Concrete
Cooling
Central -1 Zone
Roof
Other
Sewer
Public Sewer
Water
Public
Zoning
COM
3996 San Pablo Ave is a Commercial Sale in Emeryville, CA 94608. This 2,789 square foot property sits on a 915 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,150,000 and was built in 2005. This address can also be written as 3996 San Pablo Ave, Emeryville, CA 94608.
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This listing information is up-to-date as of November 25, 2023. For the most current information, please contact Steven Wang, (408) 309-8920