For Sale
Call for price

5865-5897 Lone Tree WayAntioch, CA 94531

High-yield retail center, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple, 123,124 square foot shopping center in Antioch, CA, presents a compelling investment opportunity. Currently 90.5% occupied, the property boasts a diverse tenant mix including Dollar Tree, Panera Bread, AT&T, PetSmart, and Office Depot, among others. The center features 24 units across a single story building on a 13.26-acre lot, constructed in 2004. The property enjoys a prominent location on Lone Tree Way, a primary retail corridor, near other major retailers such as Target, Walmart, and Home Depot. The current Net Operating Income (NOI) is $2,380,050, with a pro-forma NOI of $2,917,509, reflecting significant upside potential from the approximately 11,657 square feet of vacant space. Antioch's robust growth, with a 567% household increase since 2000 and projected growth exceeding 10% in the next five years, further enhances the investment's long-term prospects. The property's stabilized nature and strong tenant base provide a secure and stable cash flow, making it an attractive investment in a thriving Northern California community. The lease type is NNN (Triple Net).

Highlights

  • Strong cash flow with significant upside potential.
  • Prime Antioch, CA location in a thriving Bay Area submarket.
  • Inflation-resistant investment with a 4% CAGR.
  • 11,657 SF of readily leasable vacant space.
  • High-performing tenants with strong sales and market rankings.
  • High-visibility retail location on Lone Tree Way at the Hwy 4 Bypass.

Property Details for 5865-5897 Lone Tree Way

Property type
Lifestyle centers, Power centers
Square Feet
123,124 SF
Year Built
2004
Stories
1
Lot Size (sq. ft)
577,606 SF
Units
24

Location Insight

City
Antioch
County
Contra Costa
State
California
Latitude
37.9622526
Longitude
-121.7345518
5865-5897 Lone Tree Way, Antioch, California

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5865-5897 Lone Tree Way
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