32300 Dyer St - Supermarket FOR SALE


Union City, CA 94587
$10,157,943 USD
818-823-0832
32300 Dyer St, Union City, CA for Sale
$10,157,943 USD
Supermarket - FOR SALE
1/8
null | 7% Cap Rate

32300 Dyer St
Union City, CA 94587


HIGHLIGHTS

  • Infill Single tenant Net Lease Grocery Store – Lucky’s - Absolute NNN – Zero Landlord Responsibilities
  • Fee Simple Ownership – Tax Shelter - Accelerated Depreciation Option Provides Increased Cash Flow
  • Attractive Credit Tenant - 7.00% CAP Rate - 4.5 Years Remaining on Initial Term - Seven (5) Year Options w/ 5% Increases Every 5 Years
  • Lucky’s 20 Year Initial Term with 5 Years Remaining – Long Term Successful Occupancy
  • Signalized Corner w/ Strong Traffic & Visibility & Retail Synergy – 40,000+ Cars Per Day
  • Affluent Demographics – 317,000 Population w/ Avg. Household Income of $160,578 in 5-Mile Radius

OVERVIEW

The Ovaness-Rostamian Group of Marcus & Millichap presents an investment opportunity in Union City, California, that combines simplicity with strategic financial benefits. This property, home to a Lucky's grocery store, offers an absolute triple net lease (NNN), which means the investor is relieved of all property-related responsibilities. This structure ensures a passive income stream, ideal for those seeking a hands-off investment approach. Ownership in fee simple not only grants full control over the property but also opens up avenues for tax benefits, potentially enhancing the investment's returns. The property's financial appeal is further underscored by its 7.00% capitalization rate, which, backed by Lucky's strong credit, promises competitive yields. The lease terms are structured for longevity and growth, with five years remaining on a 20-year initial term. Additionally, there are options for rent increases, aligning the investment's income with inflation, thereby safeguarding its value over time. Lucky's commitment to this location ensures stability and predictable income for the foreseeable future. Located for maximum visibility and traffic (40,000+ Cars Per Day), the property benefits from Union City's strategic positioning at the signalized intersection of Dyer Street and Alvarado-Niles Road. The area's affluent demographic supports higher consumer spending power, which in turn supports the property's long-term viability with over 317,000 population in a 5-mile radius with average household income of $160,578. This investment opportunity transcends traditional real estate investment by offering not just a property, but a secure, low-maintenance income stream with potential for growth. It's an ideal choice for investors looking for stability, simplicity, and strategic financial advantages.

FOR SALE DETAILS

PRICE

$10,157,943 USD

PRICE/SF

$155 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

NNN Lucky's Grocery 7% CAP Leasehold

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

500

LAND DETAILS

CROSS STREETS

Union Landing Blvd

LAND ACRES

5.32 AC

LAND SF

231,866 SF

ZONING

CUL

APN/PARCEL ID

463-0060-015-11,463-0060-015-13

ASK ABOUT THIS PROPERTY

Ara RostamianMarcus & MillichapMore Info
818-823-0832

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Ara RostamianMarcus & MillichapMore Info
818-823-0832

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