2385 Sand Creek Rd - Restaurant FOR SALE


Brentwood, CA 94513
$3,388,000 USD
702-375-1022
2385 Sand Creek Rd, Brentwood, CA for Sale
$3,388,000 USD
Restaurant - FOR SALE
1/11
null | 5.5% Cap Rate

2385 Sand Creek Rd
Brentwood, CA 94513


HIGHLIGHTS

  • Red Robin is a Publicly Traded Company (NASDAQ: RRGB)
  • Absolute NNN Ground Lease
  • Destination Retail Location - The Streets of Brentwood
  • Home to Top Performing National Co-Tenants
  • Strong Surrounding Development
  • Affluent Demographics and a Robust Housing Pipeline

OVERVIEW

Colliers is pleased to exclusively offer for sale a single tenant net-leased Red Robin Gourmet Burgers & Brews located within The Streets of Brentwood – a premier ±358,700 SF open-air retail and entertainment destination located in a high growth trade area in the San Francisco MSA. The property consists of an ±5,618 SF freestanding building positioned on a ±0.92 AC parcel. Red Robin has been operating at this location since 2009 and recently extended their lease for 5-years through 2029. The asset benefits from an Absolute NNN Ground Lease with zero landlord responsibilities and 10% rent increases every five years, including options, along with frontage on Sand Creek Rd., just off State Route 4 with combined traffic counts in excess of ±86,558 VPD. The Streets of Brentwood is a top-ranked center that offers ample parking and attracts 4.4 million annual visits, with notable anchors and national co-tenants such as Sprouts, AMC Theatre, Barnes & Noble, DSW, Ulta, Bath & Body Works, BJ’s Restaurant & Brewhouse, Black Angus, and more! Adjacent to the site, there are several notable developments under construction, including a 4-story hotel, Sutter Health Medical, and Dutch Bros Coffee. The Sand Creek Road extension will provide direct access to the center for the affluent and fast-growing city of Antioch – further growing the property’s customer base. With the surrounding trade area growth and adjacent development, this Red Robin provides investors with a stable investment opportunity for years to come.

FOR SALE DETAILS

PRICE

$3,388,000 USD

PRICE/SF

$617 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Robin Gourmet Burgers and Brews

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.33 AC

LAND SF

101,693 SF

ZONING

PD-6

APN/PARCEL ID

019-910-001-7,019-910-008-2

ASK ABOUT THIS PROPERTY

Deana MarcelloColliersMore Info
702-375-1022

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Deana MarcelloColliersMore Info
702-375-1022

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.