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Off Market
1/3

361 E Leland Rd
Pittsburg, CA 94565


HIGHLIGHTS

  • 100% occupied net leased property provides minimal management responsibilities
  • New Day Care tenant lease
  • Excellent signage along Harbor St and E Leland Rd
  • Strong transit capability at less than half a mile from Pittsburg Center Bart Station

OVERVIEW

A net leased two-tenant retail strip shopping center located in Pittsburg, CA. Both tenants are on new leases beginning in 2019 and 2022. The offering represents the opportunity to acquire a net leased strip building along a highly trafficked intersection in Pittsburg, with combined traffic counts of nearly 30,000 VPD. There are scheduled rent increases for Mercury Pharmacy allowing for additional long-term income and a hedge against inflation. The subject property is a net leased 4,485 SF retail building on a 13,667 SF lot located within Centurian Plaza. It is located less than half a mile from the Pittsburg Center Bart Station, and has a bus stop, allowing for easy transit to the location. Pittsburg’s primary retail arterial along Railroad Avenue, which sees over 30,000 VPD, is situated only a block away. The property is located within a designated Opportunity Zone, allowing for additional tax benefits (see page 7 for more information).

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Two-Tenant Retail Strip

PROPERTY TYPE

Office

ADD'L SUBTYPES

Day Care Center, Drug Store, Health Club

TOTAL BUILDING SIZE

4485

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC AC

LAND SF

13,669 SF

ZONING

-

APN/PARCEL ID

088-580-008-6