Investment Offering
Antioch, CA - Savers Value Village
2521 Somersville Rd | Antioch, CA 94509
$5,895,000
Price6.4%
Cap Rate$377,280
NOI23,580
± SF Offering GLA3.66
± AC Land AreaDescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, Savers Value Village investment property located in Antioch, CA (San Francisco MSA). The tenant, TVI Inc., recently signed a brand new 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal investment opportunity for a passive investor.
Location
The Savers Value Village is located along Somersville Road, a major retail thoroughfare that sees over 22,000 vehicles passing by daily. The property benefits from excellent visibility from being strongly positioned near the signalized, hard corner intersection of Delta Fair and Buchanan (43,600 VPD). The asset is conveniently located near the on/off ramp to State Highway 4 (160,000 VPD), a major highway connecting Antioch to San Francisco. The investment is adjacent to the highly trafficked Somersville Towne Center that sees over 1.3M visitors per year (per Placer.ai). The property is in a dense retail corridor with other nearby national/credit tenants including Costco, Target, Walmart, Lowe’s, The Home Depot, 24 Hour Fitness, 99 Cents Only, McDonald’s, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. The 5-mile trade area is supported by more than 169,341 residents with an affluent average household income of $113,506.
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215