Beating the Clock: Finding the Perfect Investment Property Under Pressure
Challenge: Faced with a looming deadline, the buyer needed a swift yet strategic solution. Her trust deed note, tied to a property she had previously sold with seller financing, was set to mature by the end of the year. The note had been a reliable source of income, now she sought to replace it with a high-quality investment property offering steady returns, tax depreciation benefits, and long-term value appreciation. Equally important, she wanted to minimize both risk and the hands-on demands of property management. The buyer had been searching for options across the state when she turned to Ces for help.
Action: Drawing on extensive market knowledge, Ces conducted a comprehensive survey to identify properties that aligned with her goals. He presented detailed market demographics, highlighting areas poised for growth and investment. To ensure he fully illustrated the potential, Ces provided a personalized market tour, showcasing options that met her criteria. One standout property was a triple net Peet’s Coffee location. Ces thoroughly outlined the benefits and challenges, emphasizing its position near a planned development of over 130 apartment units within two city blocks—a key factor likely to enhance property value and long- term appeal for national tenants. He also addressed and resolved existing easement and maintenance issues before closing, further enhancing the property’s value.
Results: In the end, the buyer secured a high-quality investment that replaced her income with long-term, guaranteed revenue. The property’s location and local residential growth promise continued appreciation, all within her purchase deadline.
Property Description
402 3rd Street is a one-story retail property built in 1969, fully leased to Peet’s Coffee under a long-term triple net (NNN) lease. The building offers reliable income backed by a corporate tenant and features convenient on-site parking to support steady customer traffic.
Location Description
Located in the heart of San Rafael’s thriving retail corridor, this prime commercial real estate offers outstanding visibility with dual frontage on both 3rd Street and Mary Street. Positioned directly across from the popular Montecito Shopping Center and adjacent to Whole Foods, this property benefits from constant high foot traffic. Surrounded by a dynamic mix of well-established national retailers, the location has become a highly sought-after retail destination in Marin County. The proximity to top-tier retailers, as well as easy access to major highways, ensures that the area remains a vibrant hub for shopping and commerce. This commercial space stands out as a proven, high-traffic location ideal for businesses looking to capitalize on the success of the surrounding commercial real estate in San Rafael.
Highlights
- Single-tenant NNN investment with 8+ years remaining on lease
- Leased to Peet’s Coffee with corporate guarantee
- Prime visibility with frontage on two streets
- Adjacent to Whole Foods and across from Montecito Shopping Center
- Surrounded by national retailers including Trader Joe’s, Chipotle, Rite Aid, and Petco
- Ample customer parking with strong accessibility features
Testimonial: “Ces helped me identify a property that met my needs. He diligently uncovered hidden issues and expertly guided me through the process, working closely with me to address challenges as they arose. He is a great advocate and I highly recommend Ces to anyone looking to buy or sell investment real estate.” —Lisa Jackson, Property Investor