2101 San Pablo Ave

2101 San Pablo Ave , Berkeley, California, 94702 | 2,765 sq.f | $ 3,050,000

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About This Restaurant

Investment Highlights

Excellent corner location in high traffic area. NNN-Lease expires in 2035, 2% bumps per year, two(2) ten (10) yr. options.

Executive Summary

NEW PRICE!Presenting a unique and secure investment opportunity in the heart of Berkeley ? a newly upgraded and remodled leased retail cafe/ bakery on an exceptionally desirable corner with the added advantage of a personally guaranteed lease from a well-known local brand. This property combines prime location, financial stability, and brand recognition, making it an outstanding choice for discerning investors. Owner is willing to consider negotiation on price. Key Features: 1. **Desirable Corner Location:** This retail building enjoys a prime position on a highly sought-after corner in Southwest Berkeley. The strategic placement ensures maximum visibility and accessibility, attracting both neighborhood residents and visitors to the vibrant neighborhood. 2. **Personally Guaranteed Lease:** Enhancing the investment security is a personally guaranteed lease from a reputable local name brand tenant. This commitment provides confidence and stability to investors, assuring a reliable income stream. 3. **Local Brand Recognition:** The tenant, a well-established local business, brings instant recognition and credibility to the property. Benefit from the positive association with a trusted local brand name, attracting a loyal customer base. Being associated with a well-known local business fosters community engagement and support. 4. **Versatile Space:** The retail building features a versatile and well-designed space that caters to the needs of the tenant. The layout is optimized for their specific business requirements, ensuring operational efficiency. 5. **Modern Aesthetic:** The building boasts a modern and visually appealing design, aligning with the high standards set by the tenant. The contemporary architecture enhances the property's aesthetic value. Investors seeking a combination of prime location, a personally guaranteed lease, and the prestige of a local name brand tenant need look no further. This leased investment retail building in Berkeley offers a rare opportunity to be part of a thriving community while enjoying the stability and recognition that come with a well-known local brand. Seize this opportunity for a rewarding investment experience.

Property Details

  • Sale Type    Investment NNN
  • Sale Condition    1031 Exchange
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Storefront Restaurant
  • Building Size    2,765
  • Building Class    C
  • Year Built    1927
  • Price    3,050,000
  • Price Per SF    1,103
  • Cap Rate    5.57
  • NOI    170,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    1.06
  • Land Acres    0.06 AC

Amenities

  • Bus Line
  • Corner Lot
  • Restaurant
  • Accent Lighting

Nearby Amenities & Transportation

Retail Jack In The Box
Retail Crossfit
Retail Mechanics Bank
Retail CorePower Yoga
Retail Bank of America
Retail Starbucks
Retail The YMCA
Retail Chase Bank
Retail Philz Coffee
Retail Whole Foods Market

Property Taxes

Parcel Number 056-1982-001-00 Improvements Assessment $875,976
Land Assessment $618,336 Total Assessment $1,494,312
Date Created: 2024-07-16 04:09:24 Last Updated: 2024-07-16 04:09:24
Address: 2101 San Pablo Ave , Berkeley, California, 94702