Former Bank Branch with Drive-Thru 5800 Stoneridge Mall Rd 7,206 SF Retail Building Pleasanton, CA 94588 $3,423,000 ($475.02/SF)



INVESTMENT HIGHLIGHTS
- Extremely high barrier to entry market – it is almost impossible to get a new drive thru approved in the San Francisco Bay Area
- Highly affluent surrounding population with average household income over $237,000 and over 82,000 residents within 3 miles
- Adjacent to the amenities of Stoneridge Mall
- High density, best-in-class retail, commercial and office corridor location
- Exceptional Connectivity – the site benefits from walking distance to West Dublin / Pleasanton BART Station, easy access to I-580 and I-680 freeways
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to present the opportunity to acquire a vacant, freestanding building in an extremely high-barrier-to-entry San Francisco Bay Area market. The site is strategically located on the southwest corner of Stoneridge Mall Road and Deodar Way in the heart of the affluent San Francisco Bay Area suburb of Pleasanton with average household income within one mile exceeding $236,000. Featuring a 0.90-acre corner parcel with drive-thru, the property is adjacent to the approximately 1.3 million square foot Stoneridge Shopping Center and walking distance from the West Dublin/Pleasanton BART station, a short drive to downtown Dublin, and just off the confluence of Interstate 580 (214,000 VPDs) and Interstate 680 (165,000 VPDs). Interstate 580 connects Pleasanton to Oakland, San Francisco and the Western SF Bay Area to the west and to Interstate 5 to the east. Just east of the property, I-580 intersects with I-680 which connects Pleasanton with Walnut Creek and Contra Costa County to the north and San Jose and Silicon Valley to the south. The surrounding area is a high density, best-in-class, transit-oriented retail, commercial and residential corridor with major shopping destinations such as Dublin Place, Dublin Plaza, and Amador Crossing, to name a few. Major corporate headquarters such as Workday and the Safeway Northern California are also located in the immediate area, attracted by the convenient access to public transportation and numerous area amenities.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,206 SF
Building Class
B
Year Built/Renovated
1982/1990
Price
$3,423,000
Price Per SF
$475.02
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.80 AC
Zoning
C-RP, Pleasanton
Parking
27 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
226’ on Stoneridge Mall Rd
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 941-1201-036-00 | Improvements Assessment | $1,448,917 |
Land Assessment | $1,240,121 | Total Assessment | $2,689,038 |