1165-1195 Merrill St - Storefront FOR SALE


Menlo Park, CA 94025- Lindenwood
$8,600,000 USD
650-771-3000
1165-1195 Merrill St, Menlo Park, CA for Sale
$8,600,000 USD
Storefront - FOR SALE
1/8
null | 4.95% Cap Rate

1165-1195 Merrill St
Menlo Park, CA 94025
Lindenwood


HIGHLIGHTS

  • Fully leased restaurant with indoor and outdoor dining.
  • Walk to downtown, entertainment and Caltrain Station (across the street).
  • Abundant and secure below-grade parking and Caltrain parking.
  • Excellent Silicon Valley location in the heart of downtown Menlo Park.
  • Adjacent to transformative Station 1300 development and steps from Santa Cruz Avenue.

OVERVIEW

±7,463 RSF Restaurant for sale located in Downtown Menlo Park. The credit tenant has two 5-year extensions beyond the 2030 lease expiration. Immediate access to CalTrain stop across Merrill Street. Underground parking on site.

FOR SALE DETAILS

PRICE

$8,600,000 USD

PRICE/SF

$1,152 USD /SF

CAP RATE

4.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single tenant NNN leased investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

SP-ECR

APN/PARCEL ID

114-090-260

ASK ABOUT THIS PROPERTY

Brett WeberKidder MathewsMore Info
650-771-3000

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Brett WeberKidder MathewsMore Info
650-771-3000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.