For Sale
$3,850,000

2355 Sand Creek RdBrentwood, CA 94513

High-growth area, strong tenant, great ROI.

Overview

Added:
Dec 11, 2024
Days on market:
113
Exceptional investment opportunity: a 7,989 square foot Black Angus Steakhouse in Brentwood, California. This single-tenant, freestanding building sits on a 1.81-acre lot and enjoys a prime location within The Streets of Brentwood, a thriving 358,700 square foot open-air retail and entertainment destination. The property benefits from a 20-year absolute NNN ground lease (9.5 years remaining), offering zero landlord responsibilities and built-in rent increases of 10% every five years. The strong corporate guarantee from Black Angus, a reputable chain with multiple locations, ensures consistent income. The property boasts excellent visibility on Sand Creek Road, just off State Route 4, with combined daily traffic exceeding 86,558 vehicles. The Streets of Brentwood attracts 4.4 million annual visitors and features numerous national retailers, including Sprouts, AMC Theatres, Barnes & Noble, and more. Significant surrounding development, including a new hotel, Sutter Health Medical Building, and Dutch Bros Coffee, further enhances the property's long-term value. The affluent Brentwood area, with an average household income exceeding $161,149 within a 5-mile radius, and a robust housing pipeline of over 12,000 units, promises continued growth and strong demand. The NOI is $211,750, with a 5.50% cap rate and an asking price of $3,850,000. This is a rare opportunity to acquire a stable, high-performing asset in a rapidly expanding market. The property was built in 2013 and is currently 100% occupied. The APN is 019-910-009. The permitted zoning is commercial.

Highlights

  • Absolute NNN ground lease with corporate guaranty; 9 years remaining on a 20-year term, featuring 10% rent increases every 5 years.
  • Strategically located destination retail property at Sand Creek Rd. and State Route 4, a major thoroughfare with over 86,558 vehicles per day, anchored by strong national retailers including Sprouts and AMC Theatres.
  • High-growth trade area with significant future development including a hotel, medical building, and additional retail, enhanced by the Sand Creek Road expansion project.
  • Affluent demographics: Over 186,223 residents within a 5-mile radius with an average household income exceeding $161,149, supported by a robust housing pipeline of over 12,000 units.

Property Details for 2355 Sand Creek Rd

Property type
Retail properties, Restaurants
Square Feet
7,989 SF
Year Built
2013
Buildings
1
Stories
1
Lot Size (sq. ft)
78,844 SF
Units
1

Location Insight

City
Brentwood
County
Contra Costa
State
California
Latitude
37.9440354
Longitude
-121.7373242
2355 Sand Creek Rd, Brentwood, California

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2355 Sand Creek Rd
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