Prime Retail Showroom
626 Contra Costa Blvd Pleasant, Pleasant Hill, CA 94523
Corporate-guaranteed La-Z-Boy showroom in high-traffic location.
Type:Retail
Property size:
14,359 SFPrice / SF:
$510/SF- Added:
- May 14, 2026
- Days on Market:
- 15
- Last Refresh:
- May 14 at 8:06 pm
Property Features for 626 Contra Costa Blvd Pleasant
General Information
- Standard status
- Active
- Size
- 14,359 SF
- Property subtype
- Retail
Listing agent David Kram License #CalDRE #01848816
Listing office Lockehouse Retail Group (650) 692-3400
Listing date May 14, 2026
Source Cppcre
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 Lockehouse Retail Group
HighLights
- Corporate‑guaranteed absolute NNN lease with a long‑term La‑Z‑Boy operator and 10% rental increases every five years.
- Nationally ranked La‑Z‑Boy store, currently #6 out of 321 locations nationwide, indicating exceptional performance.
- High‑barrier infill market in a dense, supply‑constrained East Bay corridor with historically low vacancy, representing a rare fee‑simple retail opportunity.
- Dominant retail synergy on "Furniture Row" near Sunvalley Mall and the Veranda, adjacent to major retailers like Target and Best Buy.
- Affluent demographics with average household incomes exceeding $148,000 in a 1‑mile radius, supporting premium home goods spending.
- Resilient asset class due to the internet‑resistant nature of furniture retail and the need for a physical showroom.
Overview
This 14,359 square foot retail property is secured by a corporate-guaranteed lease with a long-term La-Z-Boy operator that has 21 locations and is growing in Northern California. The absolute NNN sale-leaseback includes 10% rental increases every five years and two 5-year options. The property benefits from nationally ranked performance, currently ranked #6 out of 321 locations nationwide with 44,200 visits in the past 12 months. La-Z-Boy is a legacy brand with nearly 100 years of operation and nationwide name recognition. The 'try-before-you-buy' nature of furniture ensures long-term utility of the physical showroom. This rare fee-simple retail opportunity is located in a dense, supply-constrained East Bay corridor with historically low vacancy. Situated on 'Furniture Row' near Sunvalley Mall and the Veranda, the property is adjacent to Target, Best Buy, and Nordstrom Rack. The wealthy trade area has average household incomes exceeding $148,000 in a 1-mile radius, supporting premium home goods spending.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$4.08M
NOI $367,187 @ 9.00% cap · cautious / downside scenario
Moderate
$5.25M
NOI $367,187 @ 7.00% cap · market / base-case scenario
Aggressive
$7.34M
NOI $367,187 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $560.0k | $39.00 |
| − Vacancy | −$35.4k | −$2.47 |
| EGI | $524.6k | $36.53 |
| − OpEx | −$157.4k | −$10.96 |
| NOI | $367.2k | $25.57 |
14,359 SF · lease $39.00/SF/yr · vacancy 6.33% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$5.25M
$4.59M – $6.12M
NOI $367,187 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.43M
$4.75M – $6.33M
NOI $379,939 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Showrooms
Similar Places Nearby
- Pacific Stone Granite & Marble — 1375 Franquette Ave, Concord, CA 94520
- Galleher LLC — 1281 Franquette Ave, Concord, CA 94520
- Fine Rug Gallery at Macy's — 341 Sun Valley Mall, Concord, CA 94520
- Tiles Warehouse — 1301 Franquette Ave, Concord, CA 94520
- Medi Tile — 1320 Willow Pass Rd Suite 600, Concord, CA 94520
Location Insight
- Map
- Local Demand
- City
- Pleasant Hill
- County
- Contra Costa
- State
- California
- Longitude
- -122.0643824
- Latitude
- 37.9728312
Nearby Similar for Sale
FAQs
What type of property is this?
Showroom - Corporate-guaranteed La-Z-Boy showroom in high-traffic location.
Where is this showroom located?
The property is located at 626 Contra Costa Blvd Pleasant Pleasant Hill, CA.
What is the asking price?
The asking price for this property is $7,325,000.
What are key features of this property?
This property features: Corporate‑guaranteed absolute NNN lease with a long‑term La‑Z‑Boy operator and 10% rental increases every five years.; Nationally ranked La‑Z‑Boy store, currently #6 out of 321 locations nationwide, indicating exceptional performance.; High‑barrier infill market in a dense, supply‑constrained East Bay corridor with historically low vacancy, representing a rare fee‑simple retail opportunity.
