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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$5,406,376
6.5%
$4,990,502
7%
$4,634,037
Comparable approach
Method
Valuation
Relative Method
$6,627,918
Geo Method
$5,596,820
Alternative Use
Use
Valuation
Residential
$4,209,674
Hospitality
$3,856,039
Educational
$3,208,180
Medical
$3,318,514
Retail
$4,990,502
Location Insight
City
Brentwood
County
Contra Costa
State
California
Latitude
37.9442
Longitude
-121.737
CBSA code
41860
CBSA name
SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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