35 Visitacion Avenue, Brisbane, CA 94005; Retail For Sale;  D-14 in San Mateo County

35 Visitacion Avenue, Brisbane, CA 94005; Retail For Sale; D-14 in San Mateo County


35 Visitacion Avenue, Brisbane, CA 94005; Retail For Sale;  D-14 in San Mateo County

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35 Visitacion Avenue, Brisbane, CA 94005

Prime Retail Building For Sale

 

Retail Property For Sale

Price:
$340,000
Building Size:
540 SF
Price/SF:
$629.63
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Investment
Cap Rate:
7%
Tenancy:
Multiple
Year Built:
1908
Lot Size:
0.07 AC
APN / Parcel ID:
007-222-110
Listing ID
16825731

 

Highlights

  • Approximate Building Size: 540 sf
  • Fully Leased! Pizza Restaurant and Sandwich Shop
  • Roof repaired within 5 years, new building foundation
  • Located just off of Bayshore Blvd. and Old County Rd.
  • Minutes from San Francisco
  • Zoning: Neighborhood Commercial, Retail/Office

Description

This building was originally constructed in 1908. The building is fully leased to two tenants: Mama Mia’s Pizza and a sandwich shop.

The current lease with the pizza restaurant expires 5/31/2017. There is also a seven year renewal option that would extend the lease to May 30, 2024.

The sandwich shop lease expires February 28, 2018 and has a two year renewal option that if exercised would run from March 2018 to February 2020.

Brisbane is a small town (population: 3,597 with 1,831 housing units) located just off of Bayshore Blvd. on the approach to San Francisco. Visitacion Avenue is a main retail street for the area with a number of restaurants along the street and a neighborhood market a short distance away.

Financial Summary

Major Tenant Information

  • Actual
  • $25,200
  • $1,155
  • $24,045