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Restaurant

Huckleberry's Concord

4391 Treat Blvd, Concord, CA 94521

Listing Price: $2,880,000

Cap Rate
5.00%
Tenant Name
Huckleberry's
Years Remaining On Lease
10.1
Gross SF
5,329
Guarantor
Franchisee Guarantee
Rentable SF
5,329
Price/Gross SF
$540.44
Lease Type
Absolute Net
Rent Per Square Feet
$27.02

Investment Overview

Marcus & Millichap is pleased to present Huckleberry’s on Treat Boulevard, a single tenant net leased restaurant opportunity in Concord, California. Huckleberry’s is a Southern themed breakfast & lunch diner concept that was re-launched in 2018 by Heritage Restaurant Brands; the Concord location is operated by the largest franchisee in the Huckleberry’s system who has personally guaranteed the 10-Year, absolute net lease. The property was substantially remodeled for the Tenant in 2021 and will be delivered in outstanding condition. The Tenant is scheduled to open for business Monday, June 21 and lease commences September 1, offering a buyer a full 10-Years of hard term. The Subject is located at 4391 Treat Boulevard in Concord, just off of Clayton Road, a major commercial corridor. Major retailers in the immediate vicinity include CVS Pharmacy and Staples directly across the street and both Safeway and FoodMaxx Anchored shopping centers on Clayton Road. A fee simple offering, the subject consists of a restaurant building totaling 5,329-square feet sitting on a .74-acre parcel. The property includes a 54 surface parking spaces, a ratio of 10 spaces per 1,000-SF. Huckleberry’s on Treat Boulevard offers an investor the rare opportunity to acquire an absolute net leased investment in the Bay Area with a new 10-Year lease.

Investment Highlights

  • Rare Bay Area STNL Opportunity with New 10-Year Lease
  • Absolute Net Terms with Built-In Rate Increases
  • Personal Guarantee from Huckleberry's Largest Franchisee

Exclusively Listed By

Financing By

Listing Price: $2,880,000

Cap Rate
5.00%
Tenant Name
Huckleberry's
Years Remaining On Lease
10.1
Gross SF
5,329
Guarantor
Franchisee Guarantee
Rentable SF
5,329
Price/Gross SF
$540.44
Lease Type
Absolute Net
Rent Per Square Feet
$27.02

Investment Highlights

  • Rare Bay Area STNL Opportunity with New 10-Year Lease
  • Absolute Net Terms with Built-In Rate Increases
  • Personal Guarantee from Huckleberry's Largest Franchisee

Investment Overview

Marcus & Millichap is pleased to present Huckleberry’s on Treat Boulevard, a single tenant net leased restaurant opportunity in Concord, California. Huckleberry’s is a Southern themed breakfast & lunch diner concept that was re-launched in 2018 by Heritage Restaurant Brands; the Concord location is operated by the largest franchisee in the Huckleberry’s system who has personally guaranteed the 10-Year, absolute net lease. The property was substantially remodeled for the Tenant in 2021 and will be delivered in outstanding condition. The Tenant is scheduled to open for business Monday, June 21 and lease commences September 1, offering a buyer a full 10-Years of hard term. The Subject is located at 4391 Treat Boulevard in Concord, just off of Clayton Road, a major commercial corridor. Major retailers in the immediate vicinity include CVS Pharmacy and Staples directly across the street and both Safeway and FoodMaxx Anchored shopping centers on Clayton Road. A fee simple offering, the subject consists of a restaurant building totaling 5,329-square feet sitting on a .74-acre parcel. The property includes a 54 surface parking spaces, a ratio of 10 spaces per 1,000-SF. Huckleberry’s on Treat Boulevard offers an investor the rare opportunity to acquire an absolute net leased investment in the Bay Area with a new 10-Year lease.

Exclusively Listed By

Financing By

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