For Sale
$4,830,000

2170 Main StOakley, CA 94561

Seven-unit retail center, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional seven-unit retail shopping center, totaling 10,867 square feet, is ideally situated on Main Street in Oakley, California, within the East San Francisco Bay Area. Built in 2007, this fee-simple property boasts 100% occupancy with a diverse tenant mix including Willy's Bagels & Blends, Little Caesars Pizza, Ridgewater Real Estate Services, Oakley Orthodontics, Picante Mexican Grill, Pristine Dental Care, and a nail salon. The property generates a strong net operating income (NOI) of $301,971, with a pro-forma NOI of $309,801, representing a 6.25% cap rate and a pro-forma cap rate of 6.41%. The asking price is $4,830,000, translating to a price per square foot of $444.46. Conveniently located on a 1.07-acre parcel, the center benefits from high visibility and ample parking (59 spaces), accessed via double-wide curbcuts on Main Street and Carol Lane. Prominent monument signage showcases all tenants. The property's location is less than one mile from Big Break Regional Shoreline and across the street from a shopping center anchored by Raley's and Dollar Tree, ensuring consistent foot traffic. Rent bumps are included in the lease agreements, providing future income growth potential. This investment opportunity presents a seasoned, stable, and high-performing retail asset with significant upside. The property offers a compelling combination of strong cash flow, desirable location, and a diverse tenant base, making it an attractive investment in the thriving Northern California market.

Highlights

  • Seven-unit, 10,867 square foot retail shopping center in Oakley, CA.
  • 100% occupied with diverse tenant mix including national and local businesses.
  • Strong NOI of $301,971, pro-forma NOI of $309,801, 6.25% cap rate (6.41% pro-forma).
  • Asking price: $4,830,000 ($444.46/SF).
  • Located on 1.07 acres with 59 parking spaces, high visibility, and prominent monument signage.
  • Excellent location near Big Break Regional Shoreline and a major shopping center anchored by Raley's and Dollar Tree.

Property Details for 2170 Main St

Property type
Lifestyle centers, Power centers
Square Feet
10,867 SF
Year Built
2007
Buildings
1
Stories
1
Units
7

Location Insight

City
Oakley
County
Contra Costa
State
California
Latitude
38.002815840597
Longitude
-121.73167393928
2170 Main St, Oakley, California

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2170 Main St
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