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Transwestern and Cushman & Wakefield are pleased to present a brand new construction 10,652± sq. ft. DaVita Dialysis completed in August 2015. Leased to TOTAL RENAL CARE, INC., and guaranteed by DAVITA HEALTHCARE PARTNERS, INC., for 15 years from a date to be determined between September 16, 2015 and January 16, 2016 at an annual net rent of $661,488 increasing by 10% every five years throughout the primary term. The lease is net with the tenant responsible for taxes, insurance and maintenance. The landlord is responsible for maintaining and replacing the roof, structure, exterior plumbing and electrical systems, and parking areas and driveways, and replacement of HVAC (not maintenance). There are three 5-year renewal options at 95% of appraised Fair Market Value (FMV) rent. If the tenant exercises its options, the guaranty by DaVita Healthcare Partners, Inc., terminates at that point.
514 Fourth Street, San Rafael was home to Heller's For Children retail store for close to 50 years. The building is available for purchase for an owner-user or investor. The zoning is C/O (commercial/office) with grandfathered in 44 non-confirming parking spaces allocated to the property according to the City of San Rafael. A letter is available for review upon request. C/O zonings allows for retail, office, medical office and financial institutions The building is a total of ±15,594 SF 6,600 SF Ground Floor 2,200 SF Mezzanine 6,694 SF 2nd Floor storage with freight elevator
This is a two-story structure originally built in 1898. The ground floor has been gutted and the second floor has undergone demolition of most of the previous SRO configuration. There are five parking spaces at the rear. Since the property is in the downtown parking district, no parking is required for ground floor retail area, and state law has just been revised to provide that no more than 0.5 spaces per unit may be required for affordable studio and one-bedroom apartments within a half mile of a major transit stop.
This property will be delivered vacant at COE. This historical stucco building fronts Fourth Street on Miracle Mile in San Rafael and houses Chrysanthemum Restaurant. The building was originally constructed as a church and has a stucco finish with windows to the front and to the interior patio space. This handsomely designed restaurant has two interior dining areas, two bathrooms and a well laid out and equipped kitchen. The outside patio could also be used for seating. Chrysanthemum Restaurant opened for business in 1989 and has always been a family owned and run restaurant. Many people consider Chrysanthemum' s offerings as the BEST Chinese food in Marin. The restaurant has a long time customer following. The price in this offering includes the real property, and the restaurant fixtures, furniture and equipment. Also included is an onsite beer and wine license. Although there is goodwill, the offering price is as an asset only sale. Some decorative and leased items are excluded from the sale. Please contact listing broker for a list of the items that are included. This is an excellent opportunity for a free standing building with parking, and monument signage.
The subject property is located in San Rafael, California, 10 miles north of San Francisco and the Golden Gate Bridge. With a population of 60,000, San Rafael is the largest city in Marin County. The Bay Area is one of the strongest economies in the world. Marin County, with a population of 260,000 has the lowest unemployment rate (3.9%) of any of the 53 counties in the state of California. The average household income (5 mile radius) is $124,100 annually. There is a high barrier to entry for a big box retailer in this area. The Best Buy store is highly visible and adjacent to Highways 101 and 580, with an average daily traffic count of approx. 150,000 vehicles. Biomarin Pharmaceutical Inc., Marin County's largest employer, has their 450,000 Sq. Ft. headquarters campus just 3 block north of the Best Buy location. Other major retailers in the immediate area are Office Depot, Staples, Home Depot, Target, Whole Foods and Trader Joes.
Marcus & Millichap has been selected to exclusively market for sale the Mi Pueblo Food Center, a freestanding 35,931 - square-foot single tenant NNN leased grocery store that was renovated for the tenant in 2009. This high quality single tenant grocery store is located in San Rafael, California, seventeen miles north of San Francisco. The asset provides an opportunity for an investor to procure a long-term NNN leased single tenant corporate guaranteed asset with annual rent increases. Conveniently located directly south of a densely populated Multi-Family neighborhood and the two major freeways in and out of San Rafael, the Mi Pueblo Food Center is the premiere grocer in the area.
Price Upon Req.33,514 SF
Marcus & Millichap as Exclusive Advisor is pleased to present the rare opportunity to acquire the fee-simple interest in the Marinwood Plaza ( Property ) located in Marin County, California. Marinwood Plaza is situated at the corner of Marinwood Avenue and Miller Creek Road with direct access and visibility to Highway 101. Marinwood Plaza is comprised of four separate contiguous parcels totaling 4.99-acres (217,573 SF) with a 33,514-square foot existing improvement. The northern most 15,190-square foot portion of the existing improvement is leased to Marinwood Market under a long-term lease. Marinwood Market is operating under a 15-year triple net lease that commenced on August 1, 2011 and runs through July 31, 2026. The lease incorporates annual consumer price index increases capped at 6.0% per annum throughout the base term and the first 10-year option and second 9-year option periods. Marinwood Market is required to pay as percentage rent 2.0% of gross sales in excess of the minimum monthly base rent.
4100 Redwood Highway is a prominent freeway fronting retail building in Northern San Rafael. The building is in excellent condition, features two floors and is suitable for up to two tenants.
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$1,800,000Size Upon Req.
Rarely available retail plaza located within San Rafael's famous Miracle Mile at the border of North San Rafael Commercial Center and Terra Linda. Located on Fourth Street with one of the highest traffic counts in Marin County. The property is well maintained, easily visible, and fully leased with six established long-term tenants, one of whom currently occupies two units. This property is ideal for both beginner and experienced investors alike!