The Original Mel's Diner / Below Market Rent

Antioch, CA
This listing is no longer available.
This listing is currently in escrow.


Asking Price: $2,300,000

Net Operating Income (NOI): $122,400

In-Place Cap Rate: 5.32%

Market Rent Cap Rate: 9.88%


Rare Bay Area NNN leased Investment Opportunity

Well Below Market Rent (47% below market)

Located within Walmart Anchored Shopping Center


- Rare Bay Area single tenant net leased restaurant

- Original 10-year NNN lease, with 6+ years remaining, plus options to extend

- No landlord maintenance responsibilities

- Scheduled 2% annual rent increases

- Value-Add / In-place rent is estimated to be 47% below market

  • Large building, allowing future upside in demising the space and increasing rents

- Prime pad site to shopping center anchored by 175,000 square foot Walmart Supercenter

- Excellent exposure, identity and access from Lone Tree Way and proximity to Highway 4

- Located in the heart of the East Contra Costa County retail corridor

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