AutoZone & Shops | SF Bay Area

  • AutoZone Shops MARTINEZ CA OM 1
  • AutoZone Shops MARTINEZ CA OM 2
  • AutoZone Shops MARTINEZ CA OM 6
  • AutoZone Shops MARTINEZ CA OM 7
  • AutoZone Shops MARTINEZ CA OM 9
  • AutoZone Shops MARTINEZ CA OM 10
  • AutoZone Shops MARTINEZ CA OM 11
  • AutoZone Shops MARTINEZ CA OM 12

Available $5,070,000 - Retail - Single Tenant
Cap Rate:  5%Size:  1.25 AcresTerm:  Various Print

 Investment Offering & Highlights

  • Below Market Rents – 46% of the GLA is leased at an average of $15.05 psf which is below estimated market rent of over $20.00 psf
  • Value Add Opportunity – Landlord has a Landlord only right to terminate one of the under market tenants for immediate upside
  • 100% leased retail center with a diverse tenant mix of national and local retail tenants
  • 63% of the rental income guaranteed by AutoZone (S&P ‘BBB’) under a new 15 year lease
  • 77% of shop tenants have occupied the property for over 10 years (Dentist – 18 years; Cafe – 12 years)
  • Strategically E-commerce resistant tenant mix
  • Rare San Francisco Bay Area Net Lease Investment Opportunity
  • Strong demographics with a population of 93,439 with an average household income of $120,704 within 5 miles of the property
  • Located less than four blocks away from California State Route 4
  • Tenants in the immediate area include Walmart, The Home Depot, Starbucks, CVS, Safeway, Walgreens, Chase Bank, Lucky, PetCo, McDonald’s, Les Schwab Tire Center, Jack in the Box and Wendy’s,t o name a few
  • Located on a signalized intersection with over 25,000 VPD

Property Description

Cushman & Wakefield Net Lease Group is pleased to offer for sale a single story, 100% leased multi-tenant retail building and a single story free standing restaurant building located on Alhambra Avenue just off Highway 4 in Martinez, California (San Francisco Bay Area).

Please use the following link to view the complete offering memorandum for the AutoZone & Shops property located in Martinez, CA: https://www.crexi.com/properties/216628/california-autozone–shops–sf-bay-area

Property Location