2355 Sand Creek Rd Brentwood, CA 94513
- Super regional malls
- 7,963 SF
- 1.81 lot acres
Current Use by Public Records
- Super regional malls
Property Details for 2355 Sand Creek Rd
- Year built
- 2013
- Lot size
- 1.81 lot acres
- Property size
- 7,963 SF
- Property type
- Super regional malls
- APN
- 019-910-009-0
- APU
- 199100090
Description
Exceptional investment opportunity: a 7,989 square foot Black Angus Steakhouse in Brentwood, California. This single-tenant, freestanding building sits on a 1.81-acre lot and enjoys a prime location within The Streets of Brentwood, a thriving 358,700 square foot open-air retail and entertainment destination. The property benefits from a 20-year absolute NNN ground lease (9.5 years remaining), offering zero landlord responsibilities and built-in rent increases of 10% every five years. The strong corporate guarantee from Black Angus, a reputable chain with multiple locations, ensures consistent income. The property boasts excellent visibility on Sand Creek Road, just off State Route 4, with combined daily traffic exceeding 86,558 vehicles. The Streets of Brentwood attracts 4.4 million annual visitors and features numerous national retailers, including Sprouts, AMC Theatres, Barnes & Noble, and more. 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 Brentwood area, with an average household income exceeding $161,149 within a 5-mile radius, and a robust housing pipeline of over 12,000 units, promises continued growth and strong demand. The NOI is $211,750, with a 5.50% cap rate and an asking price of $3,850,000. This is a rare opportunity to acquire a stable, high-performing asset in a rapidly expanding market. The property was built in 2013 and is currently 100% occupied. The APN is 019-910-009. The permitted zoning is commercial.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $9,880,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $9,775,000
- 6.5%
- $10,680,000
- 7%
- $10,515,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,825,000
- Geo Method
- $11,205,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $10,430,000
- Retail
- $8,270,000
- Mixed-Use
- $9,805,000
- Hospitality
- $9,215,000
- Educational
- $9,900,000
- Residential Income
- $8,235,000
- Energy
- $10,680,000
- Income-Based Land
- $9,890,000
- Food Service
- $10,230,000
Location Insight
- Map
- Local Demand
- City
- Brentwood
- County
- Contra Costa
- State
- California
- Longitude
- -121.737
- Latitude
- 37.9442
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
