4808 Dublin Boulevard #2, Dublin, CA 94568; Sold Shopping Mall; 1/1 in Alameda County

Single Tenant Nnn Investment, Applebee’s Dublin

4808 Dublin Boulevard #2, Dublin, CA 94568

Sale Details
Sale Status: Sold
Sale Date: 04/11/2013
Sale Price: $3,500,000 ($614.36/SF)
Cap Rate: 5.90% (At Time Of Listing)
Listing Price: $3,725,000

Property Information
Property Type: Retail
Property Subtype: Restaurant
Market: Tri-Valley
Submarket: Dublin
Building Size: 5,697 SF
Lot Size: 1.32 Acres

Local Map

Property Description
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.