Log In/Sign Up
Your email has been sent.
Mel's Diner - Antioch CA 4827 Lone Tree Way 6,312 SF Retail Building Antioch, CA 94531 $2,078,000 ($329.21/SF) 6.25% Cap Rate
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
$2,078,000
Price Per SF
$329.21
Cap Rate
6.25%
NOI
$129,892
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
Nearby Major Retailers
Property Taxes
| Parcel Number | 056-011-054-6 | Improvements Assessment | $1,120,986 |
| Land Assessment | $1,203,008 | Total Assessment | $2,323,994 |
Property Taxes
Parcel Number
056-011-054-6
Land Assessment
$1,203,008
Improvements Assessment
$1,120,986
Total Assessment
$2,323,994
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Mel's Diner - Antioch CA | 4827 Lone Tree Way
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.