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1099 Reganti Dr

7,183 SF 100% Leased Retail Building Concord, CA 94518 $4,500,000 ($626/SF) 3.40% Cap Rate

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Investment Highlights

Corner of Monument Blvd. and Reganti. 56 feet and vehicle entrance on Monument Blvd. Great visibility from high car count.
New roof, newly surfaced parking lot with 3 parking spots per 1000 sf.

Three tenants have been in place for 10+ and 15+ years respectively. Long leases in place with options.

Executive Summary

First time on the market since 1916. The land is for sale, leased fee. Tenants have been in place for 10+ and 15+ years respectively. Very active on heavily traveled street approximately 1.5 miles from Bart. Get back your buildings at the end of the ground lease!

Property Facts

Sale Type

Investment

Sale Condition

Ground Lease (Leased Fee)

Property Type

Retail

Property Subtype

Storefront

Building Size

7,183 SF

Building Class

Year Built

1989

Price

$4,500,000

Price Per SF

$626

Cap Rate

3.40%

NOI

$153,065

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.30

Lot Size

0.55 AC

Zoning

Parking

25 Spaces (3.48 Spaces per 1,000 SF Leased)

Frontage

56 FT on Monument Blvd

Amenities

Signalized Intersection

About 1099 Reganti Dr , Concord, CA 94518

Neighborhood shopping center with long term, successful tenants. Requires no management and delivers a secured income stream. This purchase is subject to a ground lease for the buildings. The buildings are maintained by the ground lease lessee but can be returned to the buyer within 25 years or less without penalty to the ground lease lessee.

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