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2602 Somersville Road
Antioch, CA 94509

Price: $4,550,000 Price/SF: $60
Bldg SF: 75,490 SF CAP Rate: 5.27%
Land SF: 83,635 SF Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


John Andreasen
(559) 476-5585
John.Andreasen@marcusmillichap.com
License # 02093301

Price: $4,550,000
Bldg SF: 75,490 SF
Land SF: 83,635 SF
Current CAP Rate: 5.27%
Price/SF: $60
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


John Andreasen
(559) 476-5585
John.Andreasen@marcusmillichap.com
License # 02093301

Investment Highlights

Single Story Retail Box in the Sommersville Town Center Currently Home to Fallas

 

  • Anchor space to the Somersville Town Center currently occupied by Fallas
  • Neighboring anchor spaces are occupied by Smart & Final and 24 Hour Fitness
  • Ideally positioned amongst a sea of national retailers
  • Anchor space in the dominant regional mall in the immediate sub-market

 

Strong Antioch Location

 

  • Surrounded by businesses including Kaiser Permanente, DaVita Antioch Dialysis Center, and Fresenius Kidney Care
  • Immediate area is inundated with national retailers including Big Lots, Costco, Target, 99 Cents Only Stores, Ross Dress for Less, Burlington, and Lowe’s Home Improvement
  • Nearby restaurants include Starbucs, Panera Bread, Denny’s, Olive Garden, Taco Bell, In-N-Out Burger, and McDonald’s

 

Ideal Owner-User or Value Add Opportunity with NNN Income Stream

 

  • Seller will execute a short term NNN lease at the close of escrow
  • Short term 12–24-month sale-leaseback with a strong national tenants creats a strong and stable income stream for the short term
  • Ideal for an owner-user looking to take occupancy immediately or in the near future

 

Strong Underlying Demographics

 

  • There are over 15,700 people located within one mile of the property, 90,200 within three miles of the property, and 161,800 within five miles of the property
  • There are over 5,400 households located within one mile of the property, 30,300 within three miles of the property, and 51,700 within five miles of the property
  • Average household income within one mile of the property eclipses $64,300, $81,000 within three miles, and $93,500 within five miles