1326 Boulevard Way, Walnut Creek, CA 94595
5,924 SF | 100% Leased | Retail Building | Walnut Creek, CA 94595 | $2,300,000 ($388/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,300,000
- Property Type
-
Retail
- Square Feet
- 5,924 SF
- Price / Square Foot
- $388
Listing Contacts
Mike Zylstra
Verified Profile
Forrest Gherlone
Verified Profile
Matthew Clark
Verified Profile
Max Gunari
Verified Profile
- Property Info
Property Overview
Newmark, as the exclusive advisor, is pleased to present an opportunity to acquire a stabilized retail property located at 1326 Boulevard Way in Walnut Creek, California. The property comprises approximately 5,924 square feet and is currently leased to two tenants: Chicken and the Farm, a unique eatery and gourmet market, and VIP Golf Cart Service & Sales. This offering provides a stable income stream with below-market rents, which were set to secure shorter-term leases, allowing flexibility for owner/users or investors interested in repositioning the property.
Property Details
- Class
- C
- Year Built
- 1956
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 26,572 SF
Highlights
- Situated in Walnut Creek, the property offers excellent accessibility and visibility with easy access to major thoroughfares and nearby amenities.
- VIP Golf Cart Service & Sales, occupying approximately 4,400 SF, and Chicken and the Farm, occupying 1,524 SF with its eatery and gourmet market.
- The under-market rents present significant potential for rent growth.
- Both tenants are in place, providing a reliable income stream and making the property a compelling investment opportunity.
- The property benefits from high visibility and demand in the Walnut Creek retail sector
- Near-term lease expirations offer opportunities for substantial rent growth.
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