Hobby Lobby & Guitar Center

1280 Willow Pass Rd,
Concord, CA 94520

Trophy Bay Area Net Lease Opportunity

$21,111,111
Price
$1,425,000
NOI
6.75%
Cap Rate
$287
Price Per SF
73,617
Building SF
Multiple
Tenancy
$21,111,111
Price
$1,425,000
NOI
6.75%
Cap Rate
$287
Price Per SF
73,617
Building SF
Multiple
Tenancy

INVESTMENT OVERVIEW

  • Essential CRE is pleased to present to qualified investors, the opportunity to acquire a trophy two-tenant net leased Hobby Lobby & Guitar Center in Concord, CA. The subject property is a 73,617 square foot big box format, resides on 6.38 acres of land and is strategically positioned on Willow Pass Road and Diamond Boulevard with prominent visibility and immediate access to Interstate 680.

INVESTMENT HIGHLIGHTS

  • 100% Occupied by National Credit Tenants, Hobby Lobby and Guitar Center; Hyper-Core Trophy Asset in Desirable East Bay Submarket in the San Francisco Bay Area
  • Proven, Super-Regional Location, 1280 Willow Pass Road is Located at the Same Freeway Interchange as the Sun Valley Mall, Willows Shopping Center and Veranda Power Center.
  • Only Locations for both Hobby Lobby and Guitar Center Serving Central Contra Costa County; Category Dominant Merchants
  • Guitar Center: #1 Location in California and #2 in the US for Visitor Count (Placer AI) - 16% Increase at Last Option

MARKET OVERVIEW

  • Concord is located in the East Bay of Contra Costa County, California. Concord is situated in the East Bay region of the San Francisco Bay Area. It is approximately 29 miles northeast of San Francisco. Concord has a diverse economy, with sectors such as healthcare, retail, manufacturing, and technology playing significant roles. The city is home to various shopping centers, businesses, and industrial parks. Concord is served by major highways, including Interstate 680 and State Route 4 as well as a BART (Bay Area Rapid Transit) station, providing a convenient public transportation option for residents. Concord had a population of around 130,000 people.
FOR MORE DETAILS CONTACT
Michael Cisternino
Managing Principal
(925) 388-0888
michael@essentialcre.com
CA 01708023, NV 1002492, ID PR59295
Nick Cole
Vice President of Investments
(925) 482-7044
nick@essentialcre.com
CA 01977282