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1108 Sycamore DR Antioch, CA 94509
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Key Details
Sold Price $650,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 3,075 sqft
Price per Sqft $211
MLS Listing ID GD23015526
Sold Date 04/21/23
HOA Y/N No
Year Built 1971
Lot Size 0.465 Acres
Acres 0.465
Property Sub-Type Retail
Property Description
We are pleased to present a single tenant Convenience & Liquor Store located in Antioch, California. This property is fully leased to a local and experienced convenience store operator – The Spot. Previously a QuickStop location since 1999, the franchisee took over the space in 2021 and has been operating ever since. The property is part of a strip center owned by one other entity and serves the local neighborhood and community.
At the existing income without the security expense, the property produces an approximate 8.88% cap rate.
The asset is priced attractively at $210 per square foot for the building and $32 per square foot for land, this is below replacement cost and with current and potential income of the asset is truly a unique offering in the market.
Location
State CA
County Contra Costa
Zoning C1
Interior
Laundry None
Building
Lot Description Corner Lot, Lot 20000-39999 Sqft
Story 1
Water Public
Others
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.5
TERMS Cash To New Loan,Conventional
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Kirk Garabedian
SHOW CONTACT PH 818-298-8810
SHOW INSTRUCTIONS Please do not disturb the tenant. Contact the listing agent for additional details.
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Bought with NONMEMBER MRML