Black Angus | 2355 Sand Creek Rd
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Black Angus 2355 Sand Creek Rd
7,989 SF Retail Building Brentwood, CA 94513 $5,447,788 CAD ($682 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Absolute NNN Ground Lease w/ Corporate Guaranty
- Home to Top Performing National Co-Tenants
- Affluent Demographics and a Robust Housing Pipeline
- Destination Retail Location - The Streets of Brentwood
- Strong Surrounding Development
Executive Summary
Colliers is pleased to exclusively offer for sale a single tenant net-leased Black Angus located within The Streets of Brentwood – a premier ±358,700 SF open air retail and entertainment destination located in a high growth trade area in the San Francisco MSA. The property consists of a ±7,989 SF freestanding building positioned on a ±1.81 AC parcel.
The asset benefits from a 20-Year Absolute NNN Ground Lease (9.5 years remaining) with zero landlord responsibilities and 10% rent increases every five years, including options, along with frontage on Sand Creek Rd., just off State Route 4 with combined traffic counts in excess of ±86,558 VPD. The Streets of Brentwood is a top-ranked center that offers ample parking and attracts 4.4 million annual visits, with notable anchors and national co-tenants such as Sprouts, AMC Theatre, Barnes & Noble, DSW, Ulta, Bath & Body Works, Red Robin,
BJ’s Brewhouse, and more!
Adjacent to the site, there are several notable developments under construction, including a 4-story hotel, Sutter Health Medical, and Dutch Bros Coffee. The Sand Creek Road extension will provide direct access to the center for the affluent and fast-growing city of Antioch – further growing the property’s customer base. With the surrounding trade area growth and adjacent development, this Black Angus provides investors with a stable investment opportunity for years to come.
The asset benefits from a 20-Year Absolute NNN Ground Lease (9.5 years remaining) with zero landlord responsibilities and 10% rent increases every five years, including options, along with frontage on Sand Creek Rd., just off State Route 4 with combined traffic counts in excess of ±86,558 VPD. The Streets of Brentwood is a top-ranked center that offers ample parking and attracts 4.4 million annual visits, with notable anchors and national co-tenants such as Sprouts, AMC Theatre, Barnes & Noble, DSW, Ulta, Bath & Body Works, Red Robin,
BJ’s Brewhouse, and more!
Adjacent to the site, there are several notable developments under construction, including a 4-story hotel, Sutter Health Medical, and Dutch Bros Coffee. The Sand Creek Road extension will provide direct access to the center for the affluent and fast-growing city of Antioch – further growing the property’s customer base. With the surrounding trade area growth and adjacent development, this Black Angus provides investors with a stable investment opportunity for years to come.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,989 SF
Building Class
C
Year Built
2013
Price
$5,447,788 CAD
Price Per SF
$682 CAD
Cap Rate
5.50%
NOI
$299,628 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
1.81 AC
Zoning
PD-6
Walk Score ®
Very Walkable (72)
Nearby Major Retailers
1 of 13
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Black Angus | 2355 Sand Creek Rd
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