About This Restaurant
Investment Highlights
Single-Tenant Corporate (NASDAQ: JACK) Jack in the Box Drive-Thru: Absolute NNN lease; no landlord responsibilities Located in the Heart of Historic Downtown Alameda within the Historic Park Street Shopping 4 miles from Downtown Oakland, 16 Miles from San Francisco, and 40 Miles from Downtown San Jose Hard Corner, Signalized Intersection Location of Iconic Park Street and Encinal Avenue/Highway 61 (35,000+ CPD Intersection) Irreplaceable Bay Area Infill Location within Dense and Affluent East Bay Market Average household incomes in excess of $146,000 within a 1-mile radius of the property
Executive Summary
Absolute NNN Corporate Lease | Top 20% Performing Location Nationwide (Placer.ai) | Affluent East Bay Location; $146,000 AHHI
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 2,583
- Year Built/Renovated 1969/1991
- Price 4,320,000
- Price Per SF 1,672
- Cap Rate 4.40
- NOI 189,939
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.14
- Land Acres 0.43 AC
Amenities
- Pylon Sign
- Drive Thru
Nearby Amenities & Transportation
| Retail | Jack In The Box | ||
| Retail | Peet's Coffee | ||
| Retail | Jazzercise | ||
| Retail | Bank of America | ||
| Retail | Happy Lemon | ||
| Retail | Starbucks | ||
| Retail | U.S. Bank | ||
| Retail | Citi | ||
| Retail | Krystal | ||
| Retail | Comerica |
Property Taxes
| Parcel Number | 071-0206-005-01 | Improvements Assessment | $1,419,568 |
| Land Assessment | $975,170 | Total Assessment | $2,394,738 |
| Date Created: | 2024-07-16 04:09:22 | Last Updated: | 2024-07-16 04:09:22 |
| Address: | 1257 Park St , Alameda, California, 94501 | ||