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    Retail Property in Walnut Creek Title is generated by Realmo AI

    1326 Blvd Way, Walnut Creek, CA

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    Fully leased retail property with income stream in Walnut Creek.

    Type:RETAIL
    Property size:
    5,924 SF
    Lot size:
    0.63 Acres
    Price / SF:
    $354/SF
    Added:
    Aug 21, 2024
    Days on Market:
    664
    Last Refresh:
    May 20 at 9:58 pm

    Property Features for 1326 Blvd Way

    General Information

    Standard status
    Active
    Size
    5,924 SF
    Lot size
    0.63 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Mike Zylstra
    Mike Zylstra

    Listing agent Mike Zylstra License #01376723

    Listing office Newmark | Walnut Creek

    Listing date Aug 21, 2024

    Source Moodyscre

    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 Newmark | Walnut Creek

    HighLights

    • Prime location in Walnut Creek with excellent accessibility and visibility.
    • Leased to two tenants, VIP Golf Cart Service & Sales and Chicken and the Farm, providing a reliable income stream.
    • Significant potential for rent growth due to under‑market rents.
    • Stabilized retail property, offering a compelling investment opportunity.
    • Fully leased property benefits from high visibility and demand in the Walnut Creek retail sector.
    • Near‑term lease expirations offer opportunities for substantial rent growth.

    Overview

    Located in Walnut Creek, this retail property offers accessibility and visibility with access to major thoroughfares and nearby amenities. The property is leased to two tenants: VIP Golf Cart Service & Sales, occupying approximately 4,400 square feet, and Chicken and the Farm, occupying 1,524 square feet with its eatery and gourmet market. The property is fully leased and benefits from demand in the Walnut Creek retail sector. The property is a stabilized retail property with a reliable income stream, making it an investment opportunity. Near-term lease expirations offer opportunities for rent growth.

    Local Financial Insights For 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 $231.0k $39.00
    − Vacancy −$14.6k −$2.47
    EGI $216.4k $36.53
    − OpEx −$64.9k −$10.96
    NOI $151.5k $25.57
    5,924 SF · lease $39.00/SF/yr · vacancy 6.33% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.16M
    $1.89M – $2.52M (±1% cap)
    NOI $151,488 @ 7.0% cap · market cap 7.21%
    Second Best
    Specialty Retail
    $1.51M
    $1.32M – $1.76M (±1% cap)
    NOI $105,862 @ 7.0% cap · market cap 5.04%
    Theoretical Best
    Office A
    $2.24M
    $1.96M – $2.61M (±1% cap)
    NOI $156,749 @ 7.0% cap · market cap 7.46%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    VIP Golf Cart ... Department Store

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Walnut Creek
    County
    Contra Costa
    State
    California
    Longitude
    -122.078
    Latitude
    37.8925

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    FAQs

    What type of property is this?
    Retail space - Fully leased retail property with income stream in Walnut Creek.
    Where is this retail space located?
    The property is located at 1326 Blvd Way Walnut Creek, CA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Prime location in Walnut Creek with excellent accessibility and visibility.; Leased to two tenants, VIP Golf Cart Service & Sales and Chicken and the Farm, providing a reliable income stream.; Significant potential for rent growth due to under‑market rents.
    (925) 963-9766 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Zylstra
    Mike Zylstra
    Real Estate License ID: 01376723
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