3634 Macdonald Ave - 3634 Macdonald Ave, Richmond, CA 94805

Investment Grade Tenant - Citibank
Triple NNN lease
CAP Rate: 5.7%
Rent increase: 1.5% annual
Citibank recently waived their termination clause showing commitment to the site.
Building: 4,722 sqft
Lot size: 12,500 sqft
5.5 year remaining on Lease PLUS Four 5 year Options
Re-development Potential into mixed-used (buyer to verify):

CITY ZONING ALLOWANCES:
Can build up to 70 feet x.29 AC = 20 units (max)
For commercial part, FAR 2.0;
Can build up to 5 story and 55 feet
(BUYER TO VERIFY)