Empire Landing - Antioch, CA

Highlights

• RAPIDLY GROWING AND AFFLUENT DEMOGRAPHICS: The number of households has grown by an incredible 567% since 2000. This affluent, rapidly growing market has an average HH income of $191,032, and is expected to continue to grow with a desirable 10% projected population growth over the next 5 years.
• PROVEN TRACK RECORD WITH STRONG SALES: Highlighted by eight tenants with strong sales performance for their respective industries, including Old Navy, which has a 5% rent-to-sales ratio.
• HIGH FOOT TRAFFIC TENANTS: PetSmart and Office Depot are in the top 20 most visited locations within their chains according to Retailstat.
• FUTURE BREAK UP STRATEGY: Fully parcelized site that potentially allows for individual parcels to be sold off at lower cap-rates.
• DIVERSE INCOME STREAM: A well balanced tenant mix comprised of Retail with long term leases (66.54%), in-person services (11.50%), and Internet resistant experiential food & beverage (21.96%).
• PROMINENT LOCATION & CONVENIENT ACCESS: Strategically located with frontage along Lone Tree Way (41,900 VPD) and adjacent to the HWY 4 Bypass in the retail hub of East Contra Costa County with over 1.6 MM square feet of Class A space. This submarket is the first look for any national and regional retailer looking to expand in the trade area.
• SECURE & STABLE INCOME STREAM: Strong hedge against inflation with a 4% Compound Annual Growth Rate, and a solid tenant line up with 67.1% of the GLA comprised of national tenants.
• NATIONAL CREDIT TENANTS: 90.5% leased to desirable mix of nationally and regionally recognized tenants including Old Navy, PetSmart, Office Depot, Dollar Tree, Panera Bread, AT&T, Mattress Firm, Country Waffles, and T-Mobile.
• IMMEDIATE UPSIDE: With 11,657 SF of space currently available to lease, which is projected to generate an additional $553,959 in revenue. There is also an additional $113,430 in projected revenue from converting gross leases to NNN.

Location