14280 San Pablo AveSan Pablo, CA 94806

Property Details for 14280 San Pablo Ave

Year built

2010

Lot size

1.37 AC

Property size (Sq ft)

14,820 SF

Property type

Retail properties

Property subtype

Retail space

APN

416-160-056-6

APU

4161600566

Description

This exceptional investment opportunity presents a 14,740-square-foot Walgreens located in San Pablo, California, within the San Francisco MSA. The property sits on a 1.37-acre lot at 14280 San Pablo Avenue, boasting excellent visibility and access with high daily traffic counts on San Pablo Avenue (20,490 VPD) and proximity to El Portal Drive (14,421 VPD) and Interstate 80 (172,000 VPD). The Walgreens enjoys a prominent position in a primary retail and commercial corridor, surrounded by complementary businesses including AutoZone, Starbucks, and AT&T. The location benefits from its proximity to a significant student population, including Contra Costa College, Helms Middle School, and Middle College High School. Within a 3-mile radius, the area offers a robust mix of retail (6.9 MSF), office (1.9 MSF), industrial (10.4 MSF), and multifamily (12,404 units). The property features a NNN lease with a remaining term of approximately 14 years, expiring November 30, 2038. The lease includes twelve 5-year renewal options with a 5% rent increase every 5 years and in each option period. The current asking price is $6,443,478, representing a price per square foot of $437.14 and a 5.75% cap rate with a Net Operating Income (NOI) of $370,500. This presents a compelling investment opportunity in a thriving market with a strong, established tenant and significant long-term growth potential.

Location Insight

City

San Pablo

County

Contra Costa

State

California

Latitude

37.9647

Longitude

-122.345

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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