For Sale
$18,925,000

3632 Lone Tree WayAntioch, CA 94509

Grocery-anchored shopping center, high traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional value-add opportunity presents a 123,735 square foot, Class B shopping center situated on 11.57 acres in Antioch, California. The property, known as Raley's Center, boasts a strong grocery anchor tenant, Raley's, complemented by a bank and pharmacy, creating a robust tenant mix. Built in 1980 and renovated in 2010, the center comprises four single-story buildings with 21 units and a 78% occupancy rate. The property features ample parking with 676 spaces, offering significant potential for outparcel development. Located at the intersection of Lone Tree Way and Clearbrook, the center benefits from high visibility and traffic counts. The property is zoned C-2 and offers a compelling price per square foot of $153, with a land value of $37.56 per square foot. The asking price is $18,925,000. A 2023 appraisal valued the property at $21,000,000. This prime location in the rapidly growing San Francisco Bay Area offers investors a chance to capitalize on the region's strong economy while providing convenient access for Antioch residents. The property's strong anchor tenant, combined with the potential for increased occupancy and value-add improvements, makes this a highly attractive investment opportunity. The property's address is 3632 Lone Tree Wy, Antioch, CA 94509, with APN numbers 071-181-028, 030, 031.

Highlights

  • 11.57-acre, 123,735 SF Class B shopping center anchored by Raley's Grocery, including a bank and pharmacy.
  • Raley's grocery anchor with strong sales, offering upside potential through lease-up and value-add improvements.
  • Ample parking (5.51 spaces per 1,000 SF), outparcel development potential, and high visibility on Lone Tree Way.
  • 2023 appraised value: $21,000,000.

Property Details for 3632 Lone Tree Way

Property type
Lifestyle centers, Power centers
Class
B
Year Built/Renovated
1980/2010
Buildings
4
Stories
1
Lot Size (sq. ft)
503,989 SF
Units
21

Location Insight

City
Antioch
County
Contra Costa
State
California
Latitude
37.985881744077
Longitude
-121.8069530056
3632 Lone Tree Way, Antioch, California

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3632 Lone Tree Way
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