Prime Restaurant Property on
560 MacArthur Blvd San Leandro, CA 94577
560 MacArthur Blvd, San Leandro, CA, 94577
$3,950,000
For Sale
$3,950,000
Two high-profile restaurant assets on a busy thoroughfare.
Property Size11,275 SF
Lot Size1.22 Acres
Price / SF$350.33
Days on Market106
Property Features for 560 MacArthur Blvd
General Information
- Standard status
- Active
- Size
- 11,275 SF
- Lot size
- 1.22 Acres
- Property subtype
- Restaurant
Listing agency
Marcus & Millichap - Palo Alto
(650) 391-1782
Listed by
Adam Levin · License #License(s): CA: 01462752
(650) 391-1782
Source
Marcusmillichap
Added: Apr 8 Updated: Jul 10 at 1:16PM Checked: Jul 21 at 2:59AM
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 Marcus & Millichap - Palo Alto
Investment Insights
Based on property information with market context.
The offering at 560 & 604 MacArthur Boulevard presents an opportunity to acquire two restaurant assets, available together or individually. One property is occupied by Jerry’s Beefburgers, a burger stand established in 1953. The adjacent space is occupied by Oriental Tea House, a dim sum restaurant currently on a month-to-month lease, offering flexibility. The site benefits from frontage along MacArthur Boulevard and Foothill Boulevard, ample parking (approximately seven spaces per 1,000 square feet), prominent signage, and visibility off Interstate 580. The two parcels total approximately 1.22 acres and are included in the City of San Leandro’s Housing Element Site Inventory with mixed-use and housing designations. The property is strategically located between Oakland and Berkeley to the north, and Hayward, Fremont, and Castro Valley to the south, offering regional accessibility.
Key Highlights
- High‑visibility location directly off Interstate 580.
- Anchored by Jerry’s Beefburgers, a legacy restaurant with stable tenancy and strong brand recognition since 1953.
- Dual frontage on MacArthur Boulevard and Foothill Boulevard with ample parking and prominent signage.
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 | $297.7k | $26.40 |
| − Vacancy | −$20.8k | −$1.85 |
| EGI | $276.8k | $24.55 |
| − OpEx | −$69.2k | −$6.14 |
| NOI | $207.6k | $18.41 |
11,275 SF · lease $26.40/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.97M
$2.60M – $3.46M
NOI $207,618 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$51.40M
$44.98M – $59.97M
NOI $3,598,151 @ 7.0% cap · market cap 91.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jerry's Beefburgers
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Two high-profile restaurant assets on a busy thoroughfare.
Where is this conventional restaurant located?
The property is located at 560 MacArthur Blvd San Leandro, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: High‑visibility location directly off Interstate 580.; Anchored by Jerry’s Beefburgers, a legacy restaurant with stable tenancy and strong brand recognition since 1953.; Dual frontage on MacArthur Boulevard and Foothill Boulevard with ample parking and prominent signage.
