5705 Lone Tree Way Antioch, CA 94513

This exceptional investment opportunity presents the chance to acquire the leased fee interest (land ownership) in a newly constructed Chick-fil-A restaurant located in Antioch, California. The property boasts a brand new 15-year absolute NNN lease with a corporate guarantee from Chick-fil-A, Inc., featuring six 5-year renewal options. The lease includes 10% rental increases every five years, ensuring consistent NOI growth and inflation protection. With zero landlord responsibilities, this is an ideal passive investment. The 4,594 square foot building sits on a 1.33-acre lot with 70 parking spaces and is situated at a high-traffic, signalized intersection of Lone Tree Way (42,000 vehicles per day) and State Highway-4 (74,600 vehicles per day). The property benefits from excellent visibility and a dual drive-thru. Its strategic location as an outparcel to the high-performing Slatten Ranch Shopping Center, anchored by national retailers like Target and Best Buy, and across from Lone Tree Plaza, further enhances its value. The 5-mile trade area boasts a population exceeding 204,200 residents, 37,700 employees, and an average household income of $155,830. The property's strong demographics, prime location, and long-term lease with a renowned tenant make it a compelling investment prospect. The asking price is $7,955,000, representing a 4.40% cap rate and a NOI of $350,000. The property is zoned PD: Planned Development and has an APN of 056-340-001-9. Built in 2024, the property is currently 100% occupied.