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Black Angus 2355 Sand Creek Rd 7,989 SF Retail Building Brentwood, CA 94513 $4,880,225 CAD ($610.87 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Ground Lease w/ Corporate Guaranty
- Destination Retail Location - The Streets of Brentwood
- Strong Surrounding Development
- Strong Unit Level Performance – Exceeding Percentage Rent Break Point
- Home to Top Performing National Co-Tenants
- Affluent Demographics and a Robust Housing Pipeline
EXECUTIVE SUMMARY
Colliers is pleased to exclusively offer for sale a single tenant net-leased Black Angus located within The Streets of Brentwood – a premier ±358,700 SF open air retail and entertainment destination located in a high growth trade area in the San Francisco MSA. The property consists of a ±7,989 SF freestanding building positioned on a ±1.81 AC parcel.
The asset benefits from a 20-Year Absolute NNN Ground Lease (9 years remaining) with zero landlord responsibilities and 10% rent increases every five years, including options, along with frontage on Sand Creek Rd., just off State Route 4 with combined traffic counts in excess of ±86,558 VPD. The Streets of Brentwood is a top-ranked center that offers ample parking and attracts 4.4 million annual visits, with notable anchors and national co-tenants such as Sprouts, AMC Theatre, Barnes & Noble, DSW, Ulta, Bath & Body Works, Red Robin,
BJ’s Brewhouse, and more!
Adjacent to the site, there are several notable developments under construction, including a 4-story hotel, Sutter Health Medical, and Dutch Bros Coffee. The Sand Creek Road extension will provide direct access to the center for the affluent and fast-growing city of Antioch – further growing the property’s customer base. With the surrounding trade area growth and adjacent development, this Black Angus provides investors with a stable investment opportunity for years to come.
The asset benefits from a 20-Year Absolute NNN Ground Lease (9 years remaining) with zero landlord responsibilities and 10% rent increases every five years, including options, along with frontage on Sand Creek Rd., just off State Route 4 with combined traffic counts in excess of ±86,558 VPD. The Streets of Brentwood is a top-ranked center that offers ample parking and attracts 4.4 million annual visits, with notable anchors and national co-tenants such as Sprouts, AMC Theatre, Barnes & Noble, DSW, Ulta, Bath & Body Works, Red Robin,
BJ’s Brewhouse, and more!
Adjacent to the site, there are several notable developments under construction, including a 4-story hotel, Sutter Health Medical, and Dutch Bros Coffee. The Sand Creek Road extension will provide direct access to the center for the affluent and fast-growing city of Antioch – further growing the property’s customer base. With the surrounding trade area growth and adjacent development, this Black Angus provides investors with a stable investment opportunity for years to come.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,989 SF
Building Class
C
Year Built
2013
Price
$4,880,225 CAD
Price Per SF
$610.87 CAD
Cap Rate
6%
NOI
$292,744 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.81 AC
Zoning
PD-6
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 019-910-009-0 | Improvements Assessment | $3,194,828 CAD |
| Land Assessment | $2,211,804 CAD | Total Assessment | $5,406,632 CAD |
PROPERTY TAXES
Parcel Number
019-910-009-0
Land Assessment
$2,211,804 CAD
Improvements Assessment
$3,194,828 CAD
Total Assessment
$5,406,632 CAD
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Black Angus | 2355 Sand Creek Rd
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