400-490 Lincoln Boulevard, Lincoln, CA, USA
Award-winning, Historical Building on the outside – New (2004-2008) construction on the inside. Multi-Tenant, Multi-Building, Multi-Parcel Investment Offering. Hard Corners, One Full City Block, 100% Occupied Retail Center.
The Lincoln Feeds Building is a +/-37,000 square foot, signature retail center in downtown Lincoln, CA. This is its first time offered on the market since it was built. The historic brick structure was totally gutted and reconstructed between the years 2006 through 2008.
The two-story structure houses some of Lincoln’s most iconic restaurant tenants such as Awful Annie’s Restaurant, Old Town Pizza, and Buonarroti Ristorante. The owners have worked in partnership with their property managers to attain a 100% occupancy. The Lincoln Feeds Building is a unique, multi-tenant, multi-building, multiparcel offering.
The asking price is $4,010,000 for the buildings and $80,000 for the adjacent signalized parcel with parking lot parcel. Must be sold together. Its a 6.0% Cap Rate on the asking price, however, note there is an undeveloped, signalized corner parcel included with this sale. This corner was originally entitled to an additional 10,000 SF of mixed use.