5705 Lone Tree Way Antioch, CA

This property features a 15-year absolute NNN ground lease to Chick-fil-A, with scheduled 10% rental escalations throughout the primary term. The property benefits from no landlord maintenance responsibilities. Chick-fil-A has the highest average unit volume among QSR users, with average store sales (freestanding) exceeding $9 million. It is a brand new construction with a double drive-thru. The property occupies a prominent hard-corner location at the junction of CA Highway 4 (76,000 AADT) and Lone Tree Way (41,900 AADT), and is an outparcel to a high-performing Target. The location is in the top 2% nationally by annual visits and is the 10th most visited Target store in CA. The Slatten Ranch Shopping Center draws nearly 6.7 million visitors per year. High-visit volumes are seen at nearby QSR tenants, with the adjacent Starbucks being a top 12% location nationally by annual visits and Taco Bell being a top 20% location nationally. The In-N-Out sees over 591,400 visits per year. The property is located in a robust, affluent San Francisco Bay Area with a population of 311,251 within 5 miles. The average household income is $56,479 and the average home value is $790,233 within 3 miles of the site. It is an infill location in an established East Bay retail hub with significant barriers to entry, 45 miles from San Francisco and 40 miles from Oakland. The property size is 4,594 square feet.