1099 Reganti Dr 7,183 SF 100% Leased Retail Building Concord, CA 94518 $6,234,615 CAD ($867.97 CAD/SF) 3.39% Cap Rate
INVESTMENT HIGHLIGHTS
- Corner of Monument Blvd. and Reganti. 56 feet and vehicle entrance on Monument Blvd. Great visibility from high car count.
- New roof, newly surfaced parking lot with 3 parking spots per 1000 sf.
- Three tenants have been in place for 10+ and 15+ years respectively. Long leases in place with options.
EXECUTIVE SUMMARY
First time on the market since 1916. The land is for sale, leased fee. Tenants have been in place for 10+ and 15+ years respectively. Very active on heavily traveled street approximately 1.5 miles from Bart. Get back your buildings at the end of the ground lease!
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
7,183 SF
Building Class
B
Year Built
1989
Price
$6,234,615 CAD
Price Per SF
$867.97 CAD
Cap Rate
3.39%
NOI
$211,155 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.55 AC
Zoning
PD
Parking
25 Spaces (3.48 Spaces per 1,000 SF Leased)
Frontage
56’ on Monument Blvd
AMENITIES
- Signalized Intersection
ABOUT 1099 REGANTI DR , CONCORD, CA 94518
Neighborhood shopping center with long term, successful tenants. Requires no management and delivers a secured income stream. This purchase is subject to a ground lease for the buildings. The buildings are maintained by the ground lease lessee but can be returned to the buyer within 25 years or less without penalty to the ground lease lessee.
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 147-021-022-8 | Improvements Assessment | $1,821,568 CAD |
| Land Assessment | $1,029,153 CAD | Total Assessment | $2,850,720 CAD |
