Property Details

  • Price $6,000,000
  • CAP Rate 4.87%
  • Property Type Retail

Property Description

Essential CRE is pleased to present the opportunity to acquire the fee simple interest in The Floor Store located at 7181 Amador Plaza Rd in Dublin, CA. The subject property is 10,266 square feet, resides on 1.09 acres of land and was built in 1990. The Floor Store has five years remaining on their NN lease with 5% increases every two years and one, 5-year option remaining. The tenant has operated on site since 2009 demonstrating the strength of this location. Surrounding retailers include Sprouts, Joann Fabrics, Safeway, REI, PetSmart, Target, Hobby Lobby, Burlington Coat Factory, The Habit Burger, Panera Bread and Chuck E Cheese.

Investment Highlights:

  • — Rare Single Tenant Net Leased Opportunity in Thriving and Rapidly Expanding Dublin, CA
  • — Tenant has Operated at this Location for 13 Years; Strong Regional Operator with 9 Locations
  • — Scheduled Increases - 5% Every Two Years; NN Lease Structure - Landlord Responsible for Roof, Structure & Parking Lot
  • — Strategically Positioned in Major Retail Hub with Multiple Grocery and National Big Box Tenants within Close Proximity
  • — Strong Traffic Counts - 11,113 Vehicles Per Day with Amazing Access, Exposure & Visibility