1560 Sycamore Ave - Drug Store FOR SALE


Hercules, CA 94547
$5,700,000 USD
415-288-7863
1560 Sycamore Ave, Hercules, CA for Sale
$5,700,000 USD
Drug Store - FOR SALE
1/10
null | 7.54% Cap Rate

1560 Sycamore Ave
Hercules, CA 94547


HIGHLIGHTS

  • Exceptional Rite Aid property with recently executed 5-year extension
  • Affluent surrounding area with an average household income of ±$143K
  • Top ±35% of Rite Aid stores nationally and top ±70% in state of California per visitor count, with ±346K visitors annually
  • Property built for Rite Aid 20 years ago with 40 years of extension term beyond the newly extended term
  • High exposure location surrounded by homes, next to Interstate 80, adjacent to a 97-unit senior living facility, and proximate to premier retailers
  • Absolute NNN leased investment

OVERVIEW

1560 Sycamore Avenue is a single-story single-tenant building located in Hercules, California. The corner building features ±192’ feet of frontage along Sycamore Avenue and ±329 feet of frontage along Turquoise Drive. This Rite Aid is situated amongst additional premier retailers including Lucky, Home Depot, Starbucks, UPS, and an in-development America’s Tire. 1560 Sycamore is surrounded by high-demographic residential neighborhoods on all sides, and is located at the confluence of Highway 4 & Interstate 80, generating strong exposure & visibility. With ±346K annual visitors, this Rite Aid location ranks in the top ±35% nationally and in the top ±70% in the state of California in annual foot traffic count compared to other Rite Aid stores.

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$471 USD /SF

CAP RATE

7.54%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rite-Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

N/Av, Hercules

APN/PARCEL ID

407-020-035-9

ASK ABOUT THIS PROPERTY

Tim MaasColliersMore Info
415-288-7863

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Tim MaasColliersMore Info
415-288-7863

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