Leased Retail Strip
For Sale
Contact for pricing
2141 North Broadway, Walnut Creek, CA 94596
Fully leased retail strip center anchored by Big O Tires, offering an income-producing tenant lineup for investors.
Property Size21,802 SF
Price / SF$417.30
Days on Market59
Property Features for 2141 North Broadway
General Information
Standard status
Active
Size
21,802 SF
Property subtype
Retail, Industrial
Occupancy
100%
Building Details
Year Built
1979
Listing Agency:
Fisher James Capital
(510) 289-1166
Listed By:
Lindsey Snider · License #CA 01443387
Source:
Crexi
Added: Jun 8
Changed: Jul 10
Last Checked: Aug 5 at 8:28AM
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 Fisher James Capital
Investment Insights
Based on property information with market context.
This offering is a fully leased retail strip center anchored by Big O Tires. The property is presented as a retail strip configuration built to support multiple tenants within a single center, with occupancy already in place at the time of sale.
The center is located at 2141 North Broadway in Walnut Creek, positioned as an infill site adjacent to downtown Walnut Creek within the San Francisco Bay Area. The public remarks also note that the property is served by shorter lease terms, which can be an important consideration for future tenant or operating flexibility.
For buyers seeking a retail asset with established tenancy, the anchored structure and current full occupancy may align well with ownership strategies focused on day-to-day cash flow and managed lease rollover. The Big O Tires anchor provides a tangible tenant anchor within the center, while the noted shorter lease terms may appeal to investors who plan to evaluate future leasing and renewals over time. This is being offered for sale as a complete, income-producing retail strip center.
The center is located at 2141 North Broadway in Walnut Creek, positioned as an infill site adjacent to downtown Walnut Creek within the San Francisco Bay Area. The public remarks also note that the property is served by shorter lease terms, which can be an important consideration for future tenant or operating flexibility.
For buyers seeking a retail asset with established tenancy, the anchored structure and current full occupancy may align well with ownership strategies focused on day-to-day cash flow and managed lease rollover. The Big O Tires anchor provides a tangible tenant anchor within the center, while the noted shorter lease terms may appeal to investors who plan to evaluate future leasing and renewals over time. This is being offered for sale as a complete, income-producing retail strip center.
Key Highlights
- Fully leased retail strip center anchored by Big O Tires
- Year built: 1979
- Income‑producing tenant lineup with retail strip center configuration
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 | $850.3k | $39.00 |
| − Vacancy | −$53.8k | −$2.47 |
| EGI | $796.5k | $36.53 |
| − OpEx | −$238.9k | −$10.96 |
| NOI | $557.5k | $25.57 |
21,802 SF · lease $39.00/SF/yr · vacancy 6.33% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.96M
$6.97M – $9.29M
NOI $557,519 @ 7.0% cap · market cap 6.13%
Second Best
Industrial
$4.62M
$4.04M – $5.39M
NOI $323,557 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$8.24M
$7.21M – $9.61M
NOI $576,881 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
6,476
Businesses Nearby
917k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 28%
Superstores 21%
Dining 21%
Shops & Services 14%
Target
Superstores
194,387 visits/mo
0.3 miles
Nordstrom
Apparel
104,619 visits/mo
0.4 miles
Safeway
Groceries
52,815 visits/mo
0.4 miles
Zara
Apparel
41,174 visits/mo
0.5 miles
The Cheesecake Factory
Dining
39,664 visits/mo
0.4 miles
Demographics for 94596, CA
22,861
Population
11,242
Households
2
Avg Household Size
40
Median Age
70%
College-Educated
97%
High-School Grad
6.1 sq mi
ZIP Area
3,748
Density / Sq Mi
$137,660
Median Household Income
$72,311
Median Earnings
$2,471
Median Rent
$1,245,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Fully leased retail strip center anchored by Big O Tires, offering an income-producing tenant lineup for investors.
Where is this strip mall located?
The property is located at 2141 North Broadway Walnut Creek, CA.
What is the asking price?
The asking price for this property is $9,098,000.
What are key features of this property?
This property features: Fully leased retail strip center anchored by Big O Tires; Year built: 1979; Income‑producing tenant lineup with retail strip center configuration
