3110 Buchanan Rd Antioch, CA 94509
- Super regional malls
- 5,531 SF
- 0.86 lot acres
Current Use by Public Records
- Subway / Fast Food Restaurant / Takeout Restaurant
- Contra Costa Coupons / Sandwich Shop
Property Details for 3110 Buchanan Rd
- Year built
- 2015
- Lot size
- 0.86 lot acres
- Property size
- 5,531 SF
- Property type
- Super regional malls
- APN
- 074-480-004-6
- APU
- 744800046
Description
This exceptional Class A shopping center, built in 2015, presents a compelling owner-user investment opportunity in Antioch, California. Located at 3110 Buchanan Road, this single-story, 5,585 square foot property sits on a 37,287 square foot lot and is zoned for Opportunity Zone benefits. Currently housing three tenants, including a Subway franchise, the center boasts a 67% occupancy rate and a strong net operating income (NOI) of $154,867, yielding a 5.63% cap rate. The asking price is $2,750,000, translating to $492.39 per square foot. The property benefits from excellent visibility and signage, and its strategic location directly across from the 500,000 square foot Somersville Town Center, anchored by major retailers, ensures high foot traffic and exposure. Ideal for a variety of uses, including restaurants, medical, or dental offices, this property offers a unique blend of established tenancy and significant upside potential. The property features a triple net (NNN) lease structure. The average household income within a five-mile radius is $88,000, and the population exceeds 161,000. The property's location in an Opportunity Zone provides additional tax advantages for investors. This is a rare chance to acquire a well-located, income-producing retail asset in a thriving market. The parcel number is 074-480-004.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,510,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,370,000
- 6.5%
- $1,400,000
- 7%
- $1,300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,075,000
- Geo Method
- $1,145,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,415,000
- Retail
- $1,480,000
- Mixed-Use
- $1,525,000
- Hospitality
- $1,490,000
- Educational
- $1,525,000
- Residential Income
- $1,480,000
- Energy
- $1,395,000
- Income-Based Land
- $1,285,000
- Food Service
- $1,240,000
Location Insight
- Map
- Local Demand
- City
- Antioch
- County
- Contra Costa
- State
- California
- Longitude
- -121.844
- Latitude
- 37.9984
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
