Listing banner image
  • Asking Price
    $2,981,000Asking Price
  • NOI
    $186,340NOI
  • Cap Rate
    6.25%Cap Rate
  • Gross Leasable Area
    5,618 SFGross Leasable Area
  • Lot Size
    0.92 acresLot Size
  • Year Built
    2009Year Built

Description

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%...

Documents

Offering Summary

  • Asking Price
    $2,981,000
  • Price PSF
    $531
  • Property Type
    Retail
  • Occupancy
    100%
  • Built
    2009

Sale Details

  • Cap Rate
    6.25%
  • NOI
    $186,340
  • In-Place Cap Rate
    6.25%
  • In-Place NOI
    $186,340

Documents

Property Address

2385 Sand Creek Road
Brentwood, CA 94513

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2009
  • Year Renovated
    2009
  • Lease Type
    NNN... NNN, Absolute Net
  • Zoning
    Commercial
  • APN
    019-910-001
  • Ownership Interest
    Ground Lease
  • Gross Leasable Area
    5,618 SF
  • Available GLA
    5,618 SF
  • Acres
    0.92

Property Details

Deal Team

Adam Malan profile image
Adam Malan
Vice Chair Vice Chair
NV RE Lic. 0063542
Deana Marcello profile image
Deana Marcello
Executive Vice President Executive Vice President
NV RE Lic. 174174

Description

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%...

Documents

Offering Summary

  • Asking Price
    $2,981,000
  • Price PSF
    $531
  • Property Type
    Retail
  • Occupancy
    100%
  • Built
    2009

Sale Details

  • Cap Rate
    6.25%
  • NOI
    $186,340
  • In-Place Cap Rate
    6.25%
  • In-Place NOI
    $186,340

Documents

Property Address

2385 Sand Creek Road
Brentwood, CA 94513

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2009
  • Year Renovated
    2009
  • Lease Type
    NNN... NNN, Absolute Net
  • Zoning
    Commercial
  • APN
    019-910-001
  • Ownership Interest
    Ground Lease
  • Gross Leasable Area
    5,618 SF
  • Available GLA
    5,618 SF
  • Acres
    0.92

Property Details

Deal Team

Adam Malan profile image
Adam Malan
Vice Chair Vice Chair
NV RE Lic. 0063542
Deana Marcello profile image
Deana Marcello
Executive Vice President Executive Vice President
NV RE Lic. 174174
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