Antioch, CA - Mel's Diner

Description:

• Long-term 10-year lease began September 1, 2019, and expires August 31, 2029 providing ~4 years of firm term remaining
• 2% annual rent increases provide steady, predictable NOI growth
• Absolute NNN lease — tenant is responsible for CAM, taxes, insurance, and all maintenance
• Zero Landlord Responsibilities, delivering passive, management-free income
• Fee Simple Ownership — investor controls both land and building
• Low Rent of $20.58 PSF/yr compared to other restaurants along Lone Tree way provide long term tenant stability

• Lone Tree Way Retail Corridor features some of the biggest names in retail including: Costco, Target, Lowe’s, Walmart, Home Depot, Winco, and more.
• Slatten Ranch Shopping Center: Ranks in the top 2% in the nation for Shopping Centers and 7.2 M Annual Visits per Placer.ai (Target, Best Buy, Burlington, Hobby Lobby, Five Below, BevMo!, PetSmart, Carter’s, Chick-Fil-A) is ~1.6 miles from the property
• Lone Tree Plaza: Ranks in the top 2% in the nation for Shopping Centers and 7.3 M Annual Visits per Placer.ai (Home Depot, Sportsman’s Warehouse, Michaels, Famous Footwear, Wendy’s, Taco Bell) sits ~1 mile
• Deer Valley Plaza – The FoodMaxx Center: Anchored by FoodMaxx with 2.2M Annual Visitors; additional national tenants include dd’s Discounts, Baskin-Robbins, Cricket Wireless, and McDonald’s — located just west of the site 0.8 Miles.

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Listing ID: a28TP000001ynBlYAI