Building Details

Building Size 14,359 SF

Listing Agency: CP Partners

Listed By: David Kram · License #CalDRE #01848816 Show Phone

Source: Cppcre

Added: May 14 Changed: Sep 12 Last Checked: Oct 12 at 5:31PM

Report an Issue

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 CP Partners

Investment Insights

Based on property information with market context.

This commercial property features a franchisee-level corporate guaranty with a long-term La-Z-Boy operator. The operator currently has 21 locations in Northern California and is expanding. The sale lease back proceeds will be used to fund further expansion. The property encompasses 14,359 square feet.

Key Highlights

• Franchisee level corporate guaranty.
• Long‑term La‑Z‑Boy operator as tenant.
• Operator has 21 locations and is growing.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$367,187

Cap Rate

5.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,343,740 $7.3M

Cap Rate 7%

$5,245,529 $5.2M

Cap Rate 9%

$4,079,856 $4.1M

Market Conditions

NOI Build-Up for 14,359 SF

Gross rent

$560.0K $39.00/SF

− Vacancy

−$35.4K −$2.47/SF

EGI

$524.6K $36.53/SF

− OpEx

−$157.4K −$10.96/SF

NOI

$367.2K $25.57/SF

Area

Contra Costa County, CA

Vacancy

6.33%

Lease Rate

$39.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,343,740

Cap Rate 7%

$5,245,529

Cap Rate 9%

$4,079,856

Alternative Uses

Best Use

Retail

$5.25M

$4.59M – $6.12M (±1% cap)

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 (±1% cap)

NOI $379,939 @ 7.0% cap · market cap 5.19%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Showrooms

Suggested Use

Top Pick Pharmacy Hotel & Motel Storage Facility Garden Center Grocery & Convenience Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,714

Businesses Nearby

1.3M

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Apparel 31% Dining 29% Groceries 13% Superstores 11%

Macy's Apparel

176,668 visits/mo 0.4 miles

Target Superstores

154,188 visits/mo 0.4 miles

In-N-Out Burger Dining

83,406 visits/mo 0.3 miles

Burlington Apparel

76,707 visits/mo 0.3 miles

Seafood City Groceries

64,420 visits/mo 0.5 miles

Demographics for 94523, CA

35,272

Population

14,585

Households

2.4

Avg Household Size

42

Median Age

56%

College-Educated

96%

High-School Grad

7.2 sq mi

ZIP Area

4,899

Density / Sq Mi

$142,622

Median Household Income

$74,832

Median Earnings

$2,479

Median Rent

$1,038,400

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this showrooms located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Class B Office Building

140 Gregory Ln, Pleasant Hill, CA 94523

$6,500,000

31,092 SF

View details

Freestanding Retail Building

1035 Contra Costa Blvd, Pleasant Hill, CA 94523

Contact for pricing

12,000 SF

View details

Renovated Office Building

620 Contra Costa Blvd, Pleasant Hill, CA 94523

Contact for pricing

22,680 SF

View details

Office Units with Separate Purchase Options

1885-3276 Oak Park Blvd, Pleasant Hill, CA 94523

Contact for pricing

7,419 SF

View details

Multifamily Property Near Downtown Concord

1710 Linda Dr, Pleasant Hill, CA 94523

$1,600,000

3,248 SF

View details

Three-Story Townhome Development and Rentals

230 Cleaveland rd, Pleasant Hill, CA 94523

$1,689,999

2,799 SF

View details

Versatile Office Condo in Pleasant Hill

101 Gregory Ln Unit 29, Pleasant Hill, CA 94523

$399,000

887 SF

View details

Freestanding Building with Aftercare Permit

1942 Linda Dr, Pleasant Hill, CA 94523

Contact for pricing

2,500 SF

View details

Office Condo with Washer/Dryer

29-101 Gregory Ln, Pleasant Hill, CA 94523

$399,000

View details

Similar Off Market Nearby

• Galleher LLC — 1281 Franquette Ave, Concord, CA 94520
• Tiles Warehouse — 1301 Franquette Ave, Concord, CA 94520
• Fine Rug Gallery at Macy's — 341 Sun Valley Mall, Concord, CA 94520
• Medi Tile — 1320 Willow Pass Rd Suite 600, Concord, CA 94520
• Pacific Stone Granite & Marble — 1375 Franquette Ave, Concord, CA 94520

Frequently Asked Questions

What type of property is this?

Showroom - Retail property for sale with long-term La-Z-Boy operator.

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: Franchisee level corporate guaranty.; Long‑term La‑Z‑Boy operator as tenant.; Operator has 21 locations and is growing.