Existing Drive-Through
For Sale
Contact for pricing
15177 Hesperian Blvd, San Leandro, CA 94578
Freestanding restaurant property with an operating drive-through and short-term KFC lease.
Property Size2,864 SF
Lot Size0.30 Acres
Price / SF$523.74
Days on Market51
Property Features for 15177 Hesperian Blvd
General Information
Standard status
Active
Size
2,864 SF
Lot size
0.30 Acres
Property subtype
RETAIL
Site & Location
Drive-Thru
Yes
Traffic Count
50,664 vehicles/day
Building Details
Buildings
1
Listing Agency:
Colliers | Walnut Creek
(925) 279-0120
Listed By:
Michael Mundelius · License #CA-01024436
(925) 279-5585
Source:
Moodyscre
Added: Aug 18
Changed: Sep 14
Last Checked: Oct 5 at 9:31PM
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 Colliers | Walnut Creek
Investment Insights
Based on property information with market context.
This freestanding drive-through restaurant property includes an approximately 2,864-square-foot building on approximately 13,200 square feet of land. The site is currently leased to KFC under a short-term lease, supporting both continued restaurant occupancy and owner-user consideration.
The property is located at 15177 Hesperian Blvd in San Leandro, directly across from Bayfair Center Mall. The surrounding retail lineup includes Target, Kohl’s, PetSmart, Cinemark 16, Ross, Michaels, and 24 Hour Fitness. Hesperian Blvd carries approximately 50,664 ADT, and the property sits at the signalized intersection of Hesperian Blvd and Bayfair Drive.
The property is located at 15177 Hesperian Blvd in San Leandro, directly across from Bayfair Center Mall. The surrounding retail lineup includes Target, Kohl’s, PetSmart, Cinemark 16, Ross, Michaels, and 24 Hour Fitness. Hesperian Blvd carries approximately 50,664 ADT, and the property sits at the signalized intersection of Hesperian Blvd and Bayfair Drive.
Key Highlights
- Existing drive‑through restaurant building of ±2,864 SF
- ±13,200 SF land area supporting the restaurant improvement
- Currently leased to KFC on a short‑term lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,738
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,760
$1.1M
Cap Rate 7%
$753,400
$753.4K
Cap Rate 9%
$585,978
$586.0K
Market Conditions
NOI Build-Up for 2,864 SF
Gross rent
$75.6K $26.40/SF
− Vacancy
−$5.3K −$1.85/SF
EGI
$70.3K $24.55/SF
− OpEx
−$17.6K −$6.14/SF
NOI
$52.7K $18.41/SF
Area
Alameda County, CA
Vacancy
7.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,760
Cap Rate 7%
$753,400
Cap Rate 9%
$585,978
Alternative Uses
Best Use
Specialty Retail
$753.4K
$659.2K – $879.0K
NOI $52,738 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$13.06M
$11.42M – $15.23M
NOI $913,978 @ 7.0% cap · market cap 60.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
50,664 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,079
Businesses Nearby
234k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 45%
Apparel 13%
Leisure 13%
Shops & Services 13%
Target
Superstores
106,396 visits/mo
0.3 miles
Cinemark Century Bayfair Mall 16
Leisure
30,484 visits/mo
0.5 miles
Ross Dress for Less
Apparel
28,650 visits/mo
0.2 miles
BevMo!
Groceries
23,108 visits/mo
0.2 miles
PetSmart
Shops & Services
21,641 visits/mo
0.2 miles
Demographics for 94578, CA
40,957
Population
14,819
Households
2.8
Avg Household Size
37
Median Age
25%
College-Educated
82%
High-School Grad
4.6 sq mi
ZIP Area
8,904
Density / Sq Mi
$89,149
Median Household Income
$47,672
Median Earnings
$2,077
Median Rent
$793,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding restaurant property with an operating drive-through and short-term KFC lease.
Where is this drive through restaurant located?
The property is located at 15177 Hesperian Blvd San Leandro, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Existing drive‑through restaurant building of ±2,864 SF; ±13,200 SF land area supporting the restaurant improvement; Currently leased to KFC on a short‑term lease
