2222 San Ramon Valley Blvd
San Ramon, CA 94583
Wendy's Ground Lease · Retail Property For Sale

Capital Pacific is pleased to present the opportunity to acquire Wendy’s San Ramon, a trophy net leased property in an affluent Bay Area market. The drive-thru property was constructed in 2015 and has 16.5 years left on a 20-year primary lease term. The lease includes 10% rental increases every 5 years, as well as four 5-year options to extend the term, providing an investor with both attractive cash flow growth and long-term occupancy. With construction costs exceeding $2M, the tenant is paying is well below market rent for a state of the art drive-thru fast food restaurant in a high barrier to entry market like San Ramon. There is currently no vacant, developable land along San Ramon Valley Blvd, further bolstering the tenant’s position and the asset’s long term value. The restaurant is operated and lease performance is guaranteed by Eastbay Equities, Inc. Eastbay Equities has been operating Wendy’s restaurants in the Bay Area for over 40 years, and currently has 16 California locations under management. The Property features standalone visibility and appeal along San Ramon Valley Blvd, a major north-south thoroughfare in the city. The San Ramon market is one of the most coveted in the Bay Area, with extremely affluent demographics and economic drivers. The property is surrounded by complementary retail including Costco, Sprouts, Home Depot, and others. Additionally, it is in close proximity to Bishop Ranch, one of the Bay Area’s largest business parks and retail hubs, which includes corporate offices for Chevron, PG&E, Ford, and General Electric. Bishop Ranch is a big driver for Wendy’s daytime business.