44 Church St - Restaurant FOR SALE


Danville, CA 94526
$3,885,000 USD
925-974-0237
44 Church St, Danville, CA for Sale
$3,885,000 USD
Restaurant - FOR SALE
1/1
null | 4.5% Cap Rate

44 Church St
Danville, CA 94526


HIGHLIGHTS

  • Iconic Trophy Building in the heart of downtown Danville
  • Under market rent with fair market value option
  • 3% annual increases
  • Adjacent to 200 stall Town of Danville parking lot and Village Theatre

OVERVIEW

Opportunity to acquire 44 Church Street (the “Property” or “Bridges”) in downtown Danville, California. The iconic restaurant building is 100% leased to Bridges on a net basis with the lease expiring November 30, 2030. Located in the very heart of affluent downtown Danville, the Property is immediately adjacent to the Village Theatre and the 200-stall Village Theatre municipal parking lot which provides ample parking for restaurant patrons. The existing rent is currently well-below market giving an investor the ability to increase income significantly if the tenant vacates or exercises its “Fair Market Value” option to extend. With its rustic appeal and A+ location, the Property represents a unique occasion to invest in a generational asset.

FOR SALE DETAILS

PRICE

$3,885,000 USD

PRICE/SF

$774 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bridges Restaurant - Net Leased Value-Add

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

47

APN/PARCEL ID

208-022-046-6

ASK ABOUT THIS PROPERTY

Forrest GherloneNewmarkMore Info
925-974-0237

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Forrest GherloneNewmarkMore Info
925-974-0237

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