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22214081
22217017

3231 Macdonald Ave, Richmond, CA 94804

Interstate Ventures, LLC
Listed by Interstate Ventures, LLC
$540,000
454 days on market
Updated 2 days ago

6.3% CAP NNN Leased QSR in SF Bay Area

Details
APN 516-182-024-5
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 692
Net Rentable (SqFt) 692
Units 1
NOI $33,745
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 11/30/2027
Remaining Term 1.5
Rent Bumps Yes
Lease Options 1
Class C
Year Built 1968
Buildings 1
Stories 1
Acreage 0.110
Zoning CM-3
Parking Spaces 6 spaces
Parking Per SqFt 8.67
Lease Commencement 12/01/2022
Occupancy Date 06/14/2019

Fully equipped freestanding restaurant located on a high vis/high trafficked hard corner

Marketing description

For Sale - 6.3% CAP NNN Leased QSR in SF Bay Area priced Below Replacement Cost with Below Market Rent

Opportunity to acquire a rare triple net leased Quick Serve Restaurant priced below replacement cost with below market rent located on a high visibility, high traffic, hard corner in a densely populated infill location in the San Francisco Bay Area. This bite-size asset has strong fundamentals and recent capital improvements, such as a new roof. Located minutes outside of San Francisco on a high-traffic thriving retail corridor among national tenants, this building is currently home to a bustling taqueria that has become a beloved part of the community. Offering stable cash flow, this net leased freestanding restaurant located on a high-visibility/high-traffic hard corner with below-market rents provides a rare bite-size investment opportunity with solid fundamentals.

Property Features:

  • Recent Capital Improvements – such as a new roof for long-term reliability.

  • Strong Fundamentals and Full Restaurant Infrastructure – Including kitchen hood for ventilation, 3-comp sink, service sink, prep area, hand-washing sink, and refrigeration.

  • Below-market Rents — Potential upside

Strategic Location:

  • Positioned on a high-trafficked hard corner

  • Located in a neighborhood with abundant local foot traffic and adjacent to a middle school and Richmond’s Parks & Rec, leading to a community-oriented atmosphere that offers excellent grassroots and marketing potential for any restaurant/retail business.

A chance to own a piece of Richmond's vibrant, evolving landscape. Whether you’re looking to continue the tradition of this popular taqueria or introduce a new concept to this highly desirable neighborhood, the possibilities are endless.

Investment highlights

  • Freestanding on Hard Corner

  • Bitesized deal

  • Full Restaurant Infrastructure

  • New Roof

  • Strategic location

  • Below market rents

Listing Contacts

Interstate Ventures, LLC
Listed by Interstate Ventures, LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$33,745.00
$2,812.08/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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