1581 Sycamore Ave
Home Depot Anchored Center with NNN Leases | Easy Management without Rent Control
Marketing description
1581 Sycamore Ave is a premier 10 suite retail investment opportunity located in the thriving city of Hercules, California.
Situated on a 1.48 acre parcel of land, the subject property was originally constructed in 1987 and features a gross building area of approximately 14,170 square feet, offering its tenants beautifully designed retail floor plans.
The subject property is currently occupied by 10 tenants, all under a NNN lease structure. Owners greatly benefit from NNN leases thanks to their little to no maintenance investment structure and reliable, long-term cash flow. The subject property has also recently undergone significant capital improvements including a new roof, structural building upgrades and fresh exterior paint.
1581 Sycamore Ave is situated within a larger retail shopping plaza anchored by The Home Depot, drawing to the area approximately 19,660 vehicles per day, according to TrafxMetrix. The Home Depot manages the plaza parking lot, allowing for seamless traffic flow and consistent upkeep, further enhancing accessibility and convenience.
The investment appeal of this asset is driven by Hercules' strong employment fundamentals and low vacancy levels. With a world-class location in Contra Costa County, 1581 Sycamore Ave presents an attractive choice for investors due to it close proximity to other major retailers, transportation corridors, growing population, shopping, dining and entertainment options.
Investment highlights
- Premier Hercules Retail Investment Opportunity - Investors have the rare opportunity to acquire a prime retail investment composed of strong tenants located in the thriving city of Hercules, California.
- Recent Capital Improvements - 1581 Sycamore Ave has recently undergone major capital improvements including a new roof, structural upgrades and fresh exterior paint.
- Strong Street Visibility - The subject property benefits from its positioning on Sycamore Ave and Refugio Valley Rd, hosting approximately 19,660 vehicles per day.
- Ease of a NNN Lease Structure - Owners greatly benefit from NNN leases thanks to their little to no maintenance investment structure and reliable, long-term cash flow.
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