Listed by CP Partners
$7,500,000
Ross & O'Reilly Auto Parts
Details
Property Type Retail
Sub Type Storefront
Square Footage 29,027
Net Rentable (SqFt) 29,027
Units 2
Cap Rate 5.75%
NOI $431,585
Occupancy 100%
Tenancy Multi
Brand/Tenant O'Reilly Auto Parts, Ross
Lease Type NNN
Price per SqFt $258
Year Built 1984
Year Renovated 2020
Acreage 1.100
Zoning R-B
Investment Type Net Lease
Ground Lease No
Best in Class Bay Area Retail
Marketing description
The subject property is a two-tenant retail asset anchored by Ross Dress for Less and O’Reilly Auto Parts in a densely populated Bay Area submarket. Recent repositioning and renovations for both tenants, situated in in a grocery-anchored center and directly adjacent to Walmart and Home Depot on a major retail corridor at a signalized intersection.
Investment highlights
- Diverse National Credit Tenancy: Features a newly opened Ross Dress for Less (S&P: BBB+) and a long-standing O’Reilly Auto Parts (S&P: BBB+), providing a stable, multi-tenant income stream from industry-leading retailers
- Brand New Retail Conversion: Ross Dress for Less recently completed a full renovation/re-tenanting of a former Rite Aid space, demonstrating a long-term commitment to the site
- Significant Landlord & Tenant Reinvestment: The property benefits from extensive recent capital expenditures, including over $1.5 million in building improvements (2020) for O’Reilly together with recent upgrades tailored to Ross’s corporate prototype and interior specifications
- Passive Lease Structures: The asset offers minimal landlord responsibilities, ideal for 1031 exchange buyers or investors seeking reliable, passive cash flow
- Essential & Recession-Resistant: Both discount apparel and automotive sectors are historically resilient, providing a hedge against economic volatility and e-commerce competition
- Exceptional Regional Access: Strategically located just off Highway 4 at the Morello Avenue exit, capturing high-volume commuter traffic traveling between Interstate 680 and the greater East Bay
Listing Contacts
Listed by CP Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$431,585.00
$35,965.42/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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