For Sale
$2,750,000

3110 Buchanan RdAntioch, CA 94509

Antioch, CA Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A shopping center, built in 2015, presents a compelling owner-user investment opportunity in Antioch, California. Located at 3110 Buchanan Road, this single-story, 5,585 square foot property sits on a 37,287 square foot lot and is zoned for Opportunity Zone benefits. Currently housing three tenants, including a Subway franchise, the center boasts a 67% occupancy rate and a strong net operating income (NOI) of $154,867, yielding a 5.63% cap rate. The asking price is $2,750,000, translating to $492.39 per square foot. The property benefits from excellent visibility and signage, and its strategic location directly across from the 500,000 square foot Somersville Town Center, anchored by major retailers, ensures high foot traffic and exposure. Ideal for a variety of uses, including restaurants, medical, or dental offices, this property offers a unique blend of established tenancy and significant upside potential. The property features a triple net (NNN) lease structure. The average household income within a five-mile radius is $88,000, and the population exceeds 161,000. The property's location in an Opportunity Zone provides additional tax advantages for investors. This is a rare chance to acquire a well-located, income-producing retail asset in a thriving market. The parcel number is 074-480-004.

Highlights

  • 2015 Construction.
  • Opportunity Zone location offering significant tax advantages.
  • Strong corporate Subway lease with excellent visibility and signage.
  • Across from Somersville Town Center, a 500,000 square-foot regional mall.
  • Affluent demographics: $88,000 average household income and 161,000 residents within a 5-mile radius.

Property Details for 3110 Buchanan Rd

Property type
Lifestyle centers, Power centers
Square Feet
5,585 SF
Class
A
Year Built
2015
Buildings
1
Stories
1
Units
3

Location Insight

City
Antioch
County
Contra Costa
State
California
Latitude
37.99784335
Longitude
-121.84419102
3110 Buchanan Rd, Antioch, California

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3110 Buchanan Rd
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