2170 Main StOakley, CA 94561

Property Details for 2170 Main St

Year built

2006

Lot size

1.07 AC

Property size (Sq ft)

10,734 SF

Property type

Retail properties

Property subtype

Retail space

APN

037-142-008-4

APU

371420084

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $7,287,712

  6.5%

  $6,727,118

  7%

  $6,246,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,934,331

  Geo Method

  $3,862,153

• Alternative Use

  Use

  Valuation

  Residential

  $5,674,576

  Hospitality

  $5,197,881

  Educational

  $4,324,576

  Medical

  $4,473,304

  Retail

  $6,727,118

Location Insight

City

Oakley

County

Contra Costa

State

California

Latitude

38.003

Longitude

-121.732

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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