Multi-Tenant Retail and Auto
1165 Arnold Dr Martinez, CA 94553
1165 Arnold Dr, Martinez, CA, 94553
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For Sale
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Modernized discount apparel and auto parts anchors support dependable, low-responsibility ownership near major commuter routes.
Property Size29,027 SF
Price / SF$258.38
Days on Market53
Property Features for 1165 Arnold Dr
General Information
- Standard status
- Active
- Size
- 29,027 SF
- Property subtype
- RETAIL
Listing Agency
CP Partners
(415) 274-2712
Listed by
William Nicholas · License #02271914
(973) 945-2973
Source
Moodyscre
Added: May 29 Updated: Jul 10 at 3:59 pm Checked: Jul 20 at 3:35 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CP Partners
Investment Insights
Based on property information with market context.
This multi-tenant retail and automotive center is anchored by a newly opened Ross Dress for Less and a long-standing O’Reilly Auto Parts. Ross recently completed a full renovation and re-tenanting of a former Rite Aid space, reflecting a recent conversion to Ross’s corporate prototype and interior requirements. O’Reilly has benefited from extensive recent reinvestment, including more than $1.5 million in building improvements in 2020, helping maintain the property’s operational and appearance standards. Overall, the asset is structured for minimal landlord responsibility through passive lease setup, designed to support investors and 1031 exchange buyers seeking reliable cash flow.
Positioned just off Highway 4 at the Morello Avenue exit, the property is positioned to capture high-volume commuter traffic traveling between Interstate 680 and the greater East Bay. The tenancy combines essential retail categories with established operators, balancing everyday demand with discount value retail characteristics.
With national credit tenants in recession-resistant discount apparel and automotive categories, the center offers a practical fit for investors seeking long-term stability and an ownership profile with limited ongoing landlord requirements. Its recent capital expenditures and Ross-specific upgrades can also appeal to buyers looking to reduce near-term repositioning risk while maintaining tenant continuity.
Positioned just off Highway 4 at the Morello Avenue exit, the property is positioned to capture high-volume commuter traffic traveling between Interstate 680 and the greater East Bay. The tenancy combines essential retail categories with established operators, balancing everyday demand with discount value retail characteristics.
With national credit tenants in recession-resistant discount apparel and automotive categories, the center offers a practical fit for investors seeking long-term stability and an ownership profile with limited ongoing landlord requirements. Its recent capital expenditures and Ross-specific upgrades can also appeal to buyers looking to reduce near-term repositioning risk while maintaining tenant continuity.
Key Highlights
- Newly opened Ross Dress for Less (S&P: BBB+) and long‑standing O’Reilly Auto Parts (S&P: BBB+) as multi‑tenant anchors
- Ross Dress for Less completed a full renovation/re‑tenanting of a former Rite Aid space
- Over $1.5 million in 2020 building improvements for O’Reilly, plus recent upgrades aligned with Ross corporate prototype and interior specs
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $644.4k | $22.20 |
| − Vacancy | −$29.0k | −$1.00 |
| EGI | $615.4k | $21.20 |
| − OpEx | −$184.6k | −$6.36 |
| NOI | $430.8k | $14.84 |
29,027 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$10.60M
$9.28M – $12.37M
NOI $742,276 @ 7.0% cap · market cap 9.90%
Second Best
Industrial
$6.15M
$5.38M – $7.18M
NOI $430,781 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$10.97M
$9.60M – $12.80M
NOI $768,054 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Modernized discount apparel and auto parts anchors support dependable, low-responsibility ownership near major commuter routes.
Where is this retail space located?
The property is located at 1165 Arnold Dr Martinez, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Newly opened Ross Dress for Less (S&P: BBB+) and long‑standing O’Reilly Auto Parts (S&P: BBB+) as multi‑tenant anchors; Ross Dress for Less completed a full renovation/re‑tenanting of a former Rite Aid space; Over $1.5 million in 2020 building improvements for O’Reilly, plus recent upgrades aligned with Ross corporate prototype and interior specs
