2385 Sand Creek RdBrentwood, CA 94513

Property Details for 2385 Sand Creek Rd

Year built

2009

Lot size

0.92 AC

Property size (Sq ft)

5,831 SF

Property type

Super regional malls

APN

019-910-001-7

APU

199100017

Description

This exceptional investment opportunity presents a 5,618 square foot, single-tenant Red Robin Gourmet Burgers & Brews located in Brentwood, California. The property sits on a 0.92-acre lot within The Streets of Brentwood, a premier open-air retail center boasting over 358,700 square feet of space and attracting 4.4 million annual visitors. The Red Robin building, constructed in 2009, benefits from a 100% occupancy rate and an absolute NNN ground lease with zero landlord responsibilities. The lease, recently extended through 2029, includes a 10% rent increase every five years, ensuring consistent income growth. The property enjoys high visibility on Sand Creek Road, with combined traffic counts exceeding 86,558 vehicles per day, and benefits from its proximity to State Route 4. The surrounding area is experiencing significant growth, with notable developments underway, including a new hotel, Sutter Health Medical facility, and Dutch Bros Coffee. This prime location, coupled with the strong tenant and favorable lease terms, makes this a compelling investment opportunity in a high-growth market with an affluent demographic base. The property's Net Operating Income (NOI) is $186,340, resulting in a 5.50% cap rate, and the asking price is $3,388,000. The property is zoned for commercial use and has a Contra Costa County APN of 019-910-001. The robust housing pipeline in the area, with over 12,000 units planned, further strengthens the long-term investment potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,958,882

  6.5%

  $3,654,353

  7%

  $3,393,328

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,853,371

  Geo Method

  $4,098,337

• Alternative Use

  Use

  Valuation

  Residential

  $3,082,584

  Hospitality

  $2,823,630

  Educational

  $2,349,227

  Medical

  $2,430,020

  Retail

  $3,654,353

Location Insight

City

Brentwood

County

Contra Costa

State

California

Latitude

37.9443

Longitude

-121.74

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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