2302 Monument Blvd
Pleasant Hill, CA 94523
Kohl's · Retail Property For Sale
Investment Highlights
- Rare opportunity to acquire a SF Bay Area trophy retail property (LEED Silver Certified)
- Absolute NNN lease
- The nearest Kohl’s is in Pleasanton, approximately 23 miles south of the subject property
- Lease features a Corporate Guaranty by Kohl’s Corporation (investment grade rated company)
- 11 years remaining on initial term (long-term historical occupancy)
Property Facts
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Air Conditioning
Sustainability
Sustainability
LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)
About 2302 MONUMENT BLVD , PLEASANT HILL, CA 94523
The offering provides an investor with the generational opportunity to acquire a corporately guaranteed Kohl’s which anchors The Crossroads at Pleasant Hill, a regional lifestyle shopping center in Pleasant Hill, CA. This high identity location serves the affluent central Contra Costa County market, and this Kohl’s benefits from exceptional demographics and high barriers to entry. This two-story property is LEED Certified and Energy Star rated, featuring energy efficient technology including solar panels, all of which contributes to the long-term value of the asset. Kohl’s currently has eleven years remaining on an initial 25-year lease, which includes 10% rental escalations every five years and eight 5-year extension options. The lease is absolute NNN and features zero Landlord expense obligations, making this a truly passive investment. This Kohl’s is strategically located in Pleasant Hill, which is equidistant between Walnut Creek and Concord. The subject property benefits from excellent visibility from the heavily-trafficked I-680 (275,100 VPD), a major north-south highway that runs from Fairfield to San Jose along the East Bay, and is easily accessible from the on and off ramps at the Monument Boulevard exit. The neighboring tenants at The Crossroads at Pleasant Hill feature a dynamic mix of national and daily needs retailers including Dick’s Sporting Goods, Marshalls, Dollar Tree, DSW, and Friedmans Appliance.
Property Taxes
| Parcel Number | 148-031-010-9 | Improvements Assessment | $20,700,000 |
| Land Assessment | $10,500,000 | Total Assessment | $31,200,000 |
Property Taxes
