5865-5897 Lone Tree Way Antioch, CA 94531
- Lifestyle centers
- 123,124 SF
- 13.26 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 5865-5897 Lone Tree Way
- Year built
- 2004
- Lot size
- 13.26 lot acres
- Property size
- 123,124 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This fee-simple, 123,124 square foot shopping center in Antioch, CA, presents a compelling investment opportunity. Currently 90.5% occupied, the property boasts a diverse tenant mix including Dollar Tree, Panera Bread, AT&T, PetSmart, and Office Depot, among others. The center features 24 units across a single story building on a 13.26-acre lot, constructed in 2004. The property enjoys a prominent location on Lone Tree Way, a primary retail corridor, near other major retailers such as Target, Walmart, and Home Depot. The current Net Operating Income (NOI) is $2,380,050, with a pro-forma NOI of $2,917,509, reflecting significant upside potential from the approximately 11,657 square feet of vacant space. Antioch's robust growth, with a 567% household increase since 2000 and projected growth exceeding 10% in the next five years, further enhances the investment's long-term prospects. The property's stabilized nature and strong tenant base provide a secure and stable cash flow, making it an attractive investment in a thriving Northern California community. The lease type is NNN (Triple Net).
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Antioch
- County
- Contra Costa
- State
- California
- Longitude
- -121.735
- Latitude
- 37.9623
