4325 Macdonald Ave Richmond, CA 94805-2336

Property Details for 4325 Macdonald Ave

Year built

1988

Construction

WOOD FRAME

Lot size

0.23 lot acres

Property size

1,575 SF

Zone code

C2

Property type

Auto shops

APN

517-231-009-5

APU

5172310095

Description

This exceptional investment opportunity presents the chance to acquire a fee-simple interest in a 1,575 square foot, fully occupied Take 5 Oil Change located at 4325 Macdonald Ave, Richmond, CA 94805. The property, built in 1988 and extensively renovated in 2023, sits on a 0.23-acre lot with six parking spaces and benefits from a prime location in a high-traffic area. The property is zoned CM-3 (Commercial Mixed-Use) and boasts excellent visibility due to its position on a signalized, hard corner intersection of Macdonald Ave and 44th St, with combined daily traffic exceeding 15,700 vehicles. Further enhancing its accessibility, the property enjoys convenient access to Interstate 80, a major thoroughfare averaging over 217,000 vehicles per day. The strong tenant, Take 5 Oil Change, recently signed a new 15-year absolute NNN lease with three 5-year renewal options, ensuring long-term income stability. The lease includes 10% rental increases every five years, providing built-in protection against inflation. The property's Net Operating Income (NOI) is $100,000, resulting in a 5.25% cap rate. The asking price is $1,905,000, or $1,209.52 per square foot. The property's strategic location across from the 200,000 square foot Macdonald 80 Shopping Center, anchored by Target, and surrounded by numerous national retailers, including Home Depot, Safeway, and Ross, ensures high consumer traffic and strong tenant synergy. The 5-mile trade area boasts over 282,000 residents and 74,000 employees, with an average household income exceeding $140,977. This presents a compelling investment opportunity with significant upside potential. APN: 517-231-009-5.

Location Insight

City

Richmond

County

Contra Costa

State

California

Longitude

-122.328

Latitude

37.9332

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments