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    Retail Property with Corporate Guaranty

    626 Contra Costa Boulevard Pleasant Hill, CA 94523

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    For Sale
    Contact for pricing

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

    Type:Retail
    Property size:
    14,359 SF
    Price / SF:
    $510/SF
    Added:
    May 13, 2026
    Days on Market:
    61
    Last Refresh:
    Jul 4 at 10:32 pm

    Property Features for 626 Contra Costa Boulevard

    General Information

    Standard status
    Active
    Size
    14,359 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1981

    Listing office CP Partners

    Listing date May 13, 2026

    Source Crexi

    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.

    Local 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 $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 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 local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Pharmacy Hotel & Motel Storage Facility Garden Center Grocery & Convenience Store Food Market Grocery & Convenience Store Pet Grooming Service (Bike/Boat/Book/etc) Store Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    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 Boulevard 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.
    Contact an agent
    (415) 509-6276 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rachel Kram
    Real Estate License ID: CA 02021048
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