CarMax Absolute NNN Ground
For Sale
Contact for pricing
77 Chilpancingo Pkwy, Pleasant Hill, CA 94523
Fee simple property offered with a long-term absolute NNN ground lease to CarMax as the anchor tenant.
Property SizeContact for details
Lot Size10.16 Acres
Days on Market121
Property Features for 77 Chilpancingo Pkwy
General Information
Standard status
Active
Lot size
10.16 Acres
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Cushman & Wakefield - San Francisco, California
Listed By:
Don LeBuhn · License #CA 01821805
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 6:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - San Francisco, California
Investment Insights
Based on property information with market context.
Cushman & Wakefield, as exclusive advisor, presents the opportunity to acquire CarMax–Pleasant Hill, a fee simple ground-lease investment encumbered by a long-term absolute NNN lease to CarMax. The offering is presented as approximately 10.16 acres encumbered by the ground lease. The lease structure is absolute net with no landlord responsibilities.
CarMax Pleasant Hill serves as the anchor tenant of Diablo Valley Plaza, a retail development scheduled to open in Fall 2021, in the centrally located East Bay suburb of Pleasant Hill in Contra Costa County.
The lease includes 18 years remaining in the initial term, plus an additional 15 years in options. Rental increases are stated as 10% every 5 years. The transaction is marketed as a potential 1031 exchange candidate or portfolio addition.
CarMax Pleasant Hill serves as the anchor tenant of Diablo Valley Plaza, a retail development scheduled to open in Fall 2021, in the centrally located East Bay suburb of Pleasant Hill in Contra Costa County.
The lease includes 18 years remaining in the initial term, plus an additional 15 years in options. Rental increases are stated as 10% every 5 years. The transaction is marketed as a potential 1031 exchange candidate or portfolio addition.
Key Highlights
- Approximately 10.16‑acre fee simple ground leasehold with CarMax in Pleasant Hill, CA (Contra Costa County)
- Long‑term absolute NNN ground lease with CarMax as the anchor tenant of Diablo Valley Plaza
- 18 years of initial lease term remaining, plus 15 years in options
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,464
Businesses Nearby
874k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 22%
Dining 21%
Superstores 18%
Shops & Services 17%
Target
Superstores
154,188 visits/mo
0.2 miles
In-N-Out Burger
Dining
83,406 visits/mo
0.2 miles
Burlington
Apparel
76,707 visits/mo
0.1 miles
Safeway
Groceries
58,457 visits/mo
0.4 miles
Ross Dress for Less
Apparel
52,410 visits/mo
0.2 miles
Demographics for 94523, CA
35,272
Population
14,585
Households
2.4
Avg Household Size
42
Median Age
56%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
4,899
Density / Sq Mi
$142,622
Median Household Income
$74,832
Median Earnings
$2,479
Median Rent
$1,038,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fee simple property offered with a long-term absolute NNN ground lease to CarMax as the anchor tenant.
Where is this nnn property located?
The property is located at 77 Chilpancingo Pkwy Pleasant Hill, CA.
What are key features of this property?
This property features: Approximately 10.16‑acre fee simple ground leasehold with CarMax in Pleasant Hill, CA (Contra Costa County); Long‑term absolute NNN ground lease with CarMax as the anchor tenant of Diablo Valley Plaza; 18 years of initial lease term remaining, plus 15 years in options
