5705 Lone Tree WayAntioch, CA 94531

Property Details for 5705 Lone Tree Way

Year built

2003

Lot size

1.33 AC

Property size (Sq ft)

6,886 SF

Property type

Retail properties

Property subtype

Super regional malls

APN

056-340-001-9

APU

563400019

Description

This exceptional investment opportunity presents the chance to acquire the leased fee interest (land ownership) in a newly constructed Chick-fil-A restaurant located in Antioch, California. The property boasts a brand new 15-year absolute NNN lease with a corporate guarantee from Chick-fil-A, Inc., featuring six 5-year renewal options. The lease includes 10% rental increases every five years, ensuring consistent NOI growth and inflation protection. With zero landlord responsibilities, this is an ideal passive investment. The 4,594 square foot building sits on a 1.33-acre lot with 70 parking spaces and is situated at a high-traffic, signalized intersection of Lone Tree Way (42,000 vehicles per day) and State Highway-4 (74,600 vehicles per day). The property benefits from excellent visibility and a dual drive-thru. Its strategic location as an outparcel to the high-performing Slatten Ranch Shopping Center, anchored by national retailers like Target and Best Buy, and across from Lone Tree Plaza, further enhances its value. The 5-mile trade area boasts a population exceeding 204,200 residents, 37,700 employees, and an average household income of $155,830. The property's strong demographics, prime location, and long-term lease with a renowned tenant make it a compelling investment prospect. The asking price is $7,955,000, representing a 4.40% cap rate and a NOI of $350,000. The property is zoned PD: Planned Development and has an APN of 056-340-001-9. Built in 2024, the property is currently 100% occupied.

• CAP approach

  CAP return

  Valuation

  6%

  $4,675,161

  6.5%

  $4,315,534

  7%

  $4,007,281

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,731,489

  Geo Method

  $3,899,930

• Alternative Use

  Use

  Valuation

  Residential

  $3,640,314

  Hospitality

  $3,334,508

  Educational

  $2,774,272

  Medical

  $2,869,683

  Retail

  $4,315,534

Location Insight

City

Antioch

County

Contra Costa

State

California

Latitude

37.9621

Longitude

-121.741

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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