Rare Absolute NNN Leased Opportunity

INVESTMENT OVERVIEW

Essential CRE is pleased to present the opportunity to acquire the fee simple interest in an absolute NNN single tenant Denny's located in Concord, CA - SF East Bay. Denny's has operated on site for over 40 years with 12 years remaining on their initial lease term and one, 5-year option at fair market value. The subject property was built in 1978, is 5,967 square feet, resides on .95 acres of land and is zoned WMX (West Concord Mixed-Use). This zoning designation allows for a wide range of commercial uses including retail, hotel, office/warehouse, automotive dealerships and educational facilities, residing on a corridor highly sought after for redevelopment opportunities. Denny's is surrounded by several high rise office buildings, Hilton Concord, Willows Shopping Center, Hobby Lobby, Guitar Center & DaVita Dialysis. Located on Willow Pass Road directly off Interstate 680, Denny's benefits greatly from strong exposure on a signalized intersection with very strong traffic counts.

INVESTMENT HIGHLIGHTS

SF East Bay (Concord) Single Tenant Absolute NNN Investment Opportunity
12 Years Remaining on Initial Lease Term with 5% Increases every 5 Years; One, 5-Year Option @FMV
Strong Operating History, 40+ Years in High Visibility Location on Willow Pass Road right off Interstate 680; 157,636 VPD
Surrounded by High Rise Office, Hilton Concord, Willows Shopping Center, Hobby Lobby, Guitar Center & DaVita Dialysis

MARKET OVERVIEW

Concord is the largest city in Contra Costa County and part of the Oakland/East Bay Metro Area, located approximately 22 miles Northeast of Oakland. Concord is known as a desirable residential area attracting commuters from San Francisco and Oakland with its relatively affordable housing and suburban nature. Concord features a number of amenities that make it popular with families including Six Flags Hurricane Harbor and Sun Valley Shopping Center, one of the largest malls in the region. Served by the highly rated Mount Diablo Unified School District, Concord is also home to a number of top prep schools including De La Salle Academy, recognized nationally for its athletic programs. Local cultural offerings include the annual Concord Jazz Festival, Concord Pavilion, a major regional concert venue and the historic Todos Santos Plaza, centerpiece of Concord’s downtown.
Concord’s economy benefits from its proximity to Silicon Valley employment centers, but also offers significant opportunity in various sectors within the city. Round Table Pizza is headquartered in Concord, and several major corporations including Chevron and Bank of America have established extensive back-office operations in the city. The region, home to world class educational institutions including UC Berkeley, enjoys a diversified local economy and a highly educated workforce. The combination of desirable and affordable housing, strong educational and cultural institutions and vibrant economic drivers point to continued growth for the Concord area.