Your email has been sent.
Hobby Lobby & Guitar Center 1280 Willow Pass Rd 73,167 SF 100% Leased Retail Building Concord, CA 94520 $21,120,000 ($288.65/SF) 7% Cap Rate
Investment Highlights
- 100% occupied by national tenants; Hobby Lobby and Guitar Center on NNN leases
- Both tenants recently exercised their 5-year options demonstrating their long term commitment to the site
- Within immediate proximity to East Bay’s most heavily trafficked freeways, Interstate 680 (224,500 VPD) and Highway 242 (125,500 VPD)
- Strong historical occupancy; Guitar Center has been a tenant for over 20 years and Hobby Lobby has been a tenant for over 10 years
- Positioned at a signalized, hard corner intersection with unobstructed visibility from Willow Pass Rd (39,300 VPD) and Diamond Wy (16,250 VPD)
- Current WMX (West Concord Mixed Use) Zoning allows for higher density retail, hospitality, and office development
Property Facts
Amenities
- Freeway Visibility
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 15,778 SF
- $2.77
- Triple Net
- Sep 2028
Guitar Center is a company made up of musicians and music lovers. They're driven by their shared belief that music is the greatest unifying force in the world. And that idea fuels their mission to fill the world with music. To give people the tools they need to create and connect. To be seen and heard. And recently, to help and to heal. Music can stir the soul and change the frequency of the planet. So let's make some noise. Because the world needs to hear what you have to play. In 1959, as a world-changing, paradigm-shifting counterculture revolution was about to explode in America, Wayne Mitchell bought a small appliance and organ store in Hollywood, California. Seems like the end of the story, right? Not even close. Heading into the 21st century, The Guitar Center experienced incredible expansion. For example, in 1999, they purchased e-retailer Musician's Friend to offer a robust online option to musicians.
-
- Retailer
- 57,389 SF
- $1.50
- Triple Net
- Apr 2029
Hobby Lobby began when founders David and Barbara Green started making miniature picture frames from their home. What started as a small family venture soon grew into a thriving arts-and-crafts retailer. Today, Hobby Lobby is recognized as one of the largest privately owned companies in its industry, operating stores across the United States. The company offers an extensive selection of products, including home décor, seasonal items, tableware, floral arrangements, art and craft supplies, yarn, fabric, jewelry-making materials, and more. Hobby Lobby remains committed to providing quality products and fostering creativity for customers everywhere.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 15,778 SF | $2.77 | Triple Net | Sep 2028 | |
|
|
Retailer | 57,389 SF | $1.50 | Triple Net | Apr 2029 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 127-220-021-1 | Improvements Assessment | $15,936,225 |
| Land Assessment | $8,458,455 | Total Assessment | $24,394,680 |
Property Taxes
Presented by
Hobby Lobby & Guitar Center | 1280 Willow Pass Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.