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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
MLS Listing ID GD23015526
Sold Date 04/21/23
HOA Y/N No
Year Built 1971
Lot Size 0.465 Acres
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
Fireplace No
Laundry None
Exterior
Total Parking Spaces 26
Building
Lot Description Corner Lot
Story 1
Water Public
Others
Tax ID 0743410680
Acceptable Financing Cash to New Loan, Conventional
Listing Terms Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with General NONMEMBER NONMEMBER MRML
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