2365 Sand Crk Rd Brentwood, CA 94513-7173
- Super regional malls
- 9,127 SF
- 1.83 lot acres
Jan 26, 2024
Current Use by Public Records
- Super regional malls
Property Details for 2365 Sand Crk Rd
- Year built
- 2011
- Lot size
- 1.83 lot acres
- Property size
- 9,127 SF
- Property type
- Super regional malls
- APN
- 019-910-003-3
- APU
- 199100033
Description
This exceptional investment opportunity presents a freestanding, 8,376 square foot BJ's Restaurant & Brewhouse located in Brentwood, California. Situated on a 1.83-acre lot within The Streets of Brentwood, a premier open-air retail and entertainment destination, this property boasts a prime location on Sand Creek Road, just off State Route 4, with combined traffic counts exceeding 86,558 vehicles per day. The property is subject to a 20-year absolute NNN ground lease, eliminating landlord responsibilities. The lease includes 10% rent increases every five years, ensuring consistent income growth. The building, constructed in 2011, is currently 100% occupied, generating a strong net operating income (NOI) of $145,200 and a 5.00% cap rate. The asking price is $2,904,000. The property benefits from its position within a thriving retail center featuring notable anchors such as Sprouts, AMC Theatres, Barnes & Noble, and numerous other national retailers. 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 trade area, with over 186,223 residents and an average household income exceeding $161,149 within a 5-mile radius, coupled with a robust housing pipeline, ensures continued growth and strong demand. This investment offers a stable and attractive return for years to come. The property's APN is 019-910-003 and is zoned for commercial use.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $410,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $480,000
Market price range: $241k - $679k
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Location Insight
- Map
- Local Demand
- City
- Brentwood
- County
- Contra Costa
- State
- California
- Longitude
- -121.738
- Latitude
- 37.9442
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA