For Sale
$2,250,000

2160 Railroad AveLivermore, CA 94550

Historic building, high NOI, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 2,125 square foot free-standing restaurant building located at 2160 Railroad Ave, Livermore, CA 94550. The property, originally constructed in 1800 as a carriage house and extensively renovated in 2017, boasts a charming rustic space with large arched windows and a 700 square foot patio featuring a century-old pink peppercorn tree. Currently 100% occupied by a highly acclaimed Michelin Guide Bib Gourmand restaurant with a 6.5-year lease remaining (expiring 04/29/2031), this single-tenant, net-net lease property offers a strong, stable income stream. The building sits on a 0.06-acre lot and includes a mezzanine level. The property's impressive design and prime location in Livermore's thriving downtown, within the Tri-Valley area and near wine country, contribute to its exceptional appeal. The current Net Operating Income (NOI) is $47,881.60, resulting in a 2.45% cap rate. The asking price is $2,250,000. This presents a rare chance to acquire a high-quality, income-producing asset with significant upside potential due to below-market rent and the tenant's strong reputation and following. The property benefits from a high level of foot traffic in a desirable location with an average daily traffic count of 16,000.

Highlights

  • 100% leased, single-tenant net-net lease restaurant building.
  • Below-market rent with significant upside potential.
  • Highly acclaimed Michelin Guide Bib Gourmand restaurant tenant with a 6.5-year lease remaining (expiring 04/29/2031).
  • Charming, renovated rustic building with arched windows and a 700 sq ft patio; 2,125 sq ft building on a 0.06-acre lot, including a mezzanine.
  • Prime downtown Livermore location in the Tri-Valley area, near wine country, with 16,000 ADT.

Property Details for 2160 Railroad Ave

Property type
Retail properties, Restaurants
Square Feet
2,125 SF
Year Built/Renovated
1800/2017
Stories
1
Lot Size (sq. ft)
2,614 SF

Location Insight

City
Livermore
County
Alameda
State
California
Latitude
37.6834721
Longitude
-121.7700993
2160 Railroad Ave, Livermore, California

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2160 Railroad Ave
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