Absolute NNN Restaurant
2010 Rollingwood Dr San Bruno, CA 94066
2010 Rollingwood Dr, San Bruno, CA, 94066
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For Sale
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Single-tenant restaurant property on an absolute NNN lease, with tenant-paid operating costs and minimum $150,000 tenant improvements.
Property Size3,995 SF
Price / SF$725.91
Days on Market78
Property Features for 2010 Rollingwood Dr
General Information
- Standard status
- Active
- Size
- 3,995 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1971
Listing agency
CBRE - West LA
(310) 550-2672
Listed by
Artin Sepanian · License #01826992
Source
Crexi
Added: May 5 Updated: Jul 21 at 3:28PM Checked: Jul 21 at 3:28PM
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 CBRE - West LA
Investment Insights
Based on property information with market context.
This single-tenant restaurant property is leased on an Absolute NNN basis, with the tenant responsible for direct payment of all operating costs. The tenant is contractually required to spend a minimum of $150,000 in improvements to the premises at the tenant’s sole cost and expense.
The property is currently operating as Gather Kitchen and Bakery under a 5-year lease with a November 2029 expiration. The lease also includes two additional 5-year renewal options with 15% increases at renewal.
Located at 2010 Rollingwood Dr in San Bruno, California, the offering is for a 3,995 square foot specialty restaurant asset.
The property is currently operating as Gather Kitchen and Bakery under a 5-year lease with a November 2029 expiration. The lease also includes two additional 5-year renewal options with 15% increases at renewal.
Located at 2010 Rollingwood Dr in San Bruno, California, the offering is for a 3,995 square foot specialty restaurant asset.
Key Highlights
- Absolute NNN single‑tenant restaurant property
- Tenant pays operating costs under an Absolute NNN lease structure
- Tenant contract requires a minimum $150,000 in improvements at tenant’s sole cost
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 | $119.9k | $30.00 |
| − Vacancy | −$5.6k | −$1.41 |
| EGI | $114.2k | $28.59 |
| − OpEx | −$28.6k | −$7.15 |
| NOI | $85.7k | $21.44 |
3,995 SF · lease $30.00/SF/yr · vacancy 4.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,663 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.17M
$2.78M – $3.70M
NOI $222,129 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shari's Cafe and Pies
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Single-tenant restaurant property on an absolute NNN lease, with tenant-paid operating costs and minimum $150,000 tenant improvements.
Where is this nnn property located?
The property is located at 2010 Rollingwood Dr San Bruno, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Absolute NNN single‑tenant restaurant property; Tenant pays operating costs under an Absolute NNN lease structure; Tenant contract requires a minimum $150,000 in improvements at tenant’s sole cost
