4827 Lone Tree Way - Restaurant FOR SALE


Antioch, CA 94531- Pittsburg/Antioch
$2,078,000 USD
626-483-5136
4827 Lone Tree Way, Antioch, CA for Sale
$2,078,000 USD
Restaurant - FOR SALE
1/8
null | 6.25% Cap Rate

4827 Lone Tree Way
Antioch, CA 94531
Pittsburg/Antioch


HIGHLIGHTS

  • 10-Year Lease | 2% Annual Rent Increases | Absolute NNN | Low Rent Fee Simple Ownership | Zero Landlord Responsibilities
  • Personal Guarantee | Established Operator
  • Pad to Top Performing Walmart Anchored Center | High Traffic Retail Street
  • Prime Antioch Retail Corridor | All Anchors Nearby Rank In The Top Percentile Nationwide
  • Highly Affluent Bay Area Demographics

OVERVIEW

• Long-term 10-year lease began September 1, 2019, and expires August 31, 2029 providing ~4 years of firm term remaining • 2% annual rent increases provide steady, predictable NOI growth • Absolute NNN lease — tenant is responsible for CAM, taxes, insurance, and all maintenance • Zero Landlord Responsibilities, delivering passive, management-free income • Fee Simple Ownership — investor controls both land and building • Low Rent of $20.58 PSF/yr compared to other restaurants along Lone Tree way provide long term tenant stability

FOR SALE DETAILS

PRICE

$2,078,000 USD

PRICE/SF

$326 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mel's Diner - Antioch CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

69

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

P-D

APN/PARCEL ID

056-011-054-6

ASK ABOUT THIS PROPERTY

Ray RodriguezSRS National Net LeaseMore Info
626-483-5136

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Ray RodriguezSRS National Net LeaseMore Info
626-483-5136

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.