560 604 Macarthur Blvd San Leandro — Sale in San Leandro, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: San Leandro, CA 94577

Investment Figures

Cap rate
7.45%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The offering at 560 & 604 MacArthur Boulevard presents a rare opportunity to acquire two high-profile restaurant assets, available together or individually, occupied by well-known food establishments along one of San Leandro’s busiest thoroughfares. The property is anchored by Jerry’s Beefburgers, a legacy burger stand that has been a staple in the community since 1953, providing stable tenancy and strong brand recognition, while the adjacent space is occupied by Oriental Tea House, a dim sum restaurant currently on a month-to-month lease, offering flexibility for an owner-user or the potential to capture rental upside. The site benefits from dual frontage along MacArthur Boulevard and Foothill Boulevard, ample parking (approximately seven spaces per 1,000 square feet), prominent signage, and exceptional visibility directly off Interstate 580—an uncommon advantage for restaurant properties in the East Bay. Strategically located between Oakland and Berkeley to the north, and Hayward, Fremont, and Castro Valley to the south, the property offers strong regional accessibility and customer draw. Combined, the two parcels total approximately 1.22 acres and are included in the City of San Leandro’s Housing Element Site Inventory with mixed-use and housing designations, enhancing long-term value through potential redevelopment opportunities. Overall, the offering presents a compelling blend of in-place income, near-term value-add potential, and long-term land appreciation in a supply-constrained East Bay market. Investment Highlights: • Low Management, Passive Investment – Reliable income stream from proven restaurant tenants with minimal owner involvement, and not subject to rent control. • Exceptional Owner-User / Value-Add Opportunity – Buyers can occupy and/or capture substantial rental upside with a turn-key restaurant space ready for repositioning. • Extensive Capital Improvements – Recent capital improvements including new roof, remodeled kitchen, and resurfaced par

Market Context

This retail in San Leandro, CA is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in San Leandro, CA — view the full market.

As of Q1 2026, the Oakland / East Bay retail market showed average asking rents near $52.92/SF/yr, and cap rates around 7.2%. Source: multiple brokerage reports, Q1 2026.

Its 7.5% asking cap rate is above the Oakland / East Bay retail market average of about 7.2%, implying a higher yield (and typically more risk or upside) than comparable assets.

Retail market FAQ

What is the typical cap rate for retail in Oakland / East Bay?
About 7.2% as of Q1 2026, per multiple brokerage reports.

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