Standalone Retail Building on Highly-Trafficked Corner
Retail | 4,725 SqFt
Marketing description
Situated among the Pacific View Mall and the Lowe’s Shopping Center, this standalone retail building holds a commanding position at the intersection of Mills Road and Dean Drive, just a block from Main Street and Hwy 101 access. A complete remodel in 2025 provided a new roof, parking lot surface, new trash enclosure, as well as a beautiful interior buildout for current tenant CorePower Yoga, who occupies the entire property. This long-term corporate lease creates stability for a new owner. Two wood-floor studios are complemented by a men’s and women’s locker room with showers, and a reception/retail area plus private office and outdoor space.
Investment highlights
Price: $5,950,000 (5.19% cap rate)
Building Size: 4,725 SF
Lot Size: 31,799 SF (.73 acre)
APN: 070-0-010-395
Tenant: 100% NNN-leased to CorePower Yoga
NOI: $309,000/year
Year Built: 1966; complete remodel in 2025, including new roof
Zoning: C-1A
Sprinklers: Yes
Parking: 27 spots in newly resurfaced lot, plus overflow lot
Restrooms: Two spacious locker rooms with showers
HVAC: Yes, new
To Show: Call Listing Agent
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