Historic Restaurant Opportunity For
4223 First St Pleasanton, CA 94566
4223 First St, Pleasanton, CA, 94566
$295,000
For Sale
$295,000
Established fast food restaurant with loyal customer base.
Property Size1,200 SF
Price / SF$245.83
Days on Market529
Property Features for 4223 First St
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1964
Listing Agency
Fracisco Realty
(925) 998-8131
Listed by
Mike Fracisco · License #01378428
(925) 998-8131
Source
Exitrealty
Added: Feb 7, 2025 Updated: Jul 6 at 12:24 pm Checked: Jul 20 at 6:07 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 Fracisco Realty
Investment Insights
Based on property information with market context.
This is a business opportunity to own Bob's Giant Burgers, an independent fast food restaurant established in 1971. The family-owned business is known throughout the Tri-Valley and has a loyal customer following. It is one of the main anchor tenants in the Pleasant Plaza Shopping Center. The property is located on 1st Street in Pleasanton and has ample parking for customers. It is within walking distance of Historic Downtown Pleasanton. The property size is 1200 square feet.
Key Highlights
- Established, well‑known fast food restaurant (Bob's Giant Burgers) operating since 1971.
- Prime location on busy 1st Street in Pleasanton.
- Anchor tenant in Pleasant Plaza Shopping Center.
Local Financial Insights For Specialty Retail
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 | $31.7k | $26.40 |
| − Vacancy | −$2.2k | −$1.85 |
| EGI | $29.5k | $24.55 |
| − OpEx | −$7.4k | −$6.14 |
| NOI | $22.1k | $18.41 |
1,200 SF · lease $26.40/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$315.7K
$276.2K – $368.3K
NOI $22,097 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$5.47M
$4.79M – $6.38M
NOI $382,952 @ 7.0% cap · market cap 129.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bob's Giant Burgers
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Established fast food restaurant with loyal customer base.
Where is this drive through restaurant located?
The property is located at 4223 First St Pleasanton, CA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Established, well‑known fast food restaurant (Bob's Giant Burgers) operating since 1971.; Prime location on busy 1st Street in Pleasanton.; Anchor tenant in Pleasant Plaza Shopping Center.
