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4827 Lone Tree Way
Antioch, CA 94531
Mel's Diner - Antioch CA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10-Year Lease | 2% Annual Rent Increases | Absolute NNN | Low Rent Fee Simple Ownership | Zero Landlord Responsibilities
- Pad to Top Performing Walmart Anchored Center | High Traffic Retail Street
- Highly Affluent Bay Area Demographics
- Personal Guarantee | Established Operator
- Prime Antioch Retail Corridor | All Anchors Nearby Rank In The Top Percentile Nationwide
EXECUTIVE SUMMARY
• 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
• 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
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,312 SF
Building Class
B
Year Built/Renovated
2007/2017
Price
$2,858,538 CAD
Price Per SF
$452.87 CAD
Cap Rate
6.25%
NOI
$178,682 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.00 AC
Zoning
P-D - Planned Development District
Parking
69 Spaces (10.93 Spaces per 1,000 SF Leased)
Frontage
187’ on Lone Tree Way
AMENITIES
- Corner Lot
- Restaurant
- Monument Signage
PROPERTY TAXES
| Parcel Number | 056-011-054-6 | Improvements Assessment | $1,542,051 CAD |
| Land Assessment | $1,654,882 CAD | Total Assessment | $3,196,933 CAD |
PROPERTY TAXES
Parcel Number
056-011-054-6
Land Assessment
$1,654,882 CAD
Improvements Assessment
$1,542,051 CAD
Total Assessment
$3,196,933 CAD
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