Sold Retail Properties in Alameda County – 4808 Dublin Boulevard #2, Dublin, CA 94568 9/10
4808 Dublin Boulevard #2, Dublin, CA 94568
|Sale Price:||$3,500,000 ($614.36/SF)|
|Cap Rate:||5.90% (At Time Of Listing)|
|APN / Parcel ID:||
The property is approximately 5,697 square feet and is situated on 1.32 acres. The subject property is an Applebee’s Restaurant located in Dublin, California, adjacent to Highway 580, a major highway in close proximity to Hwy 680. The subject property is in full view of Highway 580 from both sides. There are 4.5 years remaining on the 10 year absolute net lease. The lease also provides for four 5 year options with 10% annual increases every 5 years. The operator is an established Applebee’s franchisee. R&D Restaurant Enterprises (the Tenant ) has 22 restaurant locations including Applebee’ s, Del Taco, and Famous Dave’ s. The operation covers California’ s Central Valley from Bakersfield to Fresno, as well as San Francisco’ s East Bay.
|Parties to Transaction|
WINDERS RICHARD L
EVERGREEN PROPERTY LLC – 4174 Coulombe Dr Palo Alto, CA
Equus Associates – Joe Gorme
Sale involved mortgage financing. Lender identified as KEYPOINT CU.