2355 Sand Creek RdBrentwood, CA 94513

  • Super regional malls
  • 7,963 SF
For Sale
$3,850,000 View listing

Property Details for 2355 Sand Creek Rd

Year built
2013
Lot size
1.81 AC
Property size (Sq ft)
7,963 SF
Property type
Super regional malls
APN
019-910-009-0
APU
199100090

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$58,444
$1,375,000
$1,925,000
$3,300,000
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