Wilbur Properties
Listed by Wilbur Properties
$6,500,000
643 Emerson Street
Details
Property Type Retail
Sub Type Restaurant
Square Footage 5,590
Net Rentable (SqFt) 5,590
Cap Rate 4.80%
Tenancy Single
Lease Type NNN
Lease Expiration 06/29/2031
Investment Type Net Lease
643 Emerson Street, Palo Alto, CA 94301
Investment highlights
- Located in downtown Palo Alto
- Surrounded by numerous, prominent restaurants and Nobu Hotel
- Walking distance to Palo Alto Caltrain Station
- Single Tenant NNN Leased Investment Opportunity
- 4.8% CAP Rate
- Existing lease expires 6/30/2031
- Current rent: $4.64 PSF + NNN - below market rent
- Tenant responsible for building maintenance costs
Listing Contacts
Wilbur Properties
Listed by Wilbur Properties
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