Auto Zone | 2595 Main St
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Auto Zone 2595 Main St
4,000 SF Retail Building Oakley, CA 94561 $2,250,000 ($563/SF) 4% Cap Rate
Investment Highlights
- Located on an Outparcel of the Oakley Town Center Shopping Center Anchored by Lucky Grocery Store, Rite Aid, Burger King, and California Fitness 24/7
- Rare AutoZone Opportunity in Strong California Demographics – Population of Over 166,734 Residents with an Above Average Household Income Exceeding $1
- Corporately Guaranteed by AutoZone, Inc. – Investment Grade Tenant (S&P: BBB)
- Strong Confidence in a Proven Location with Over 34 Years of Experience at the Site
- Recently Exercised 10 Year Lease Extension
- AutoZone is the Second Largest Retailer of Aftermarket Automotive Parts and Accessories in the U.S. and Has an Annual Revenue of $17.48 Billion
Executive Summary
CIRE Partners is pleased to present a single-tenant net leased investment offering consisting of the fee-simple interest in a AutoZone (the "Property" or "Asset") located in Oakley, CA. The Property is a ±4,000 SF on 0.49 AC operating with a corporate guaranty. The site benefits from strong real estate fundamentals, secure tenant synergy, sits directly on shopping center’s busiest ingress/egress access point, and direct visibility from highly trafficked thoroughfares.
This is a rare opportunity for qualified investors to acquire a single-tenant net leased trophy asset in one of the strongest growing incorporated cities in the nine-county San Francisco Bay Area.
This is a rare opportunity for qualified investors to acquire a single-tenant net leased trophy asset in one of the strongest growing incorporated cities in the nine-county San Francisco Bay Area.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
B
Year Built/Renovated
1991/1998
Price
$2,250,000
Price Per SF
$563
Cap Rate
4%
NOI
$90,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.49 AC
Zoning
P-I, Oakley
Parking
16 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
112 FT on Main St
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 035-011-027-6 | Improvements Assessment | $1,164,732 |
| Land Assessment | $820,233 | Total Assessment | $1,984,965 |
PROPERTY TAXES
Parcel Number
035-011-027-6
Land Assessment
$820,233
Improvements Assessment
$1,164,732
Total Assessment
$1,984,965
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Auto Zone | 2595 Main St
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