5865-5897 Lone Tree WayAntioch, CA 94531

Property Details for 5865-5897 Lone Tree Way

Year built

2004

Lot size

13.26 AC

Property size (Sq ft)

123,124 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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).

Location Insight

City

Antioch

County

Contra Costa

State

California

Latitude

37.9623

Longitude

-121.735

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