Listed by SRS Real Estate Partners Newport Beach, Compass Commercial Real Estate
$1,998,000
Mel's Diner
Details
APN 056-011-054-6
Property Type Retail
Sub Type Restaurant
Square Footage 6,312
Cap Rate 6.5%
NOI $129,892
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 08/31/2029
Remaining Term 3.2
Rent Bumps Yes
Lease Options 2 (5-Year)
Year Built 2005
Year Renovated 2017
Acreage 1.000
Zoning P-D, Planned Development District
Parking Spaces 69 spaces
Parking Per SqFt 10.93
Investment Type Net Lease
Lease Commencement 09/01/2019
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 6.50% CAP | 6,312 SqFt
Investment highlights
10-Year Lease | 2% Annual Rent Increases | Absolute NNN | Low Rent Fee Simple Ownership | Zero Landlord Responsibilities
Personal Guarantee | Established Operator
Pad to Top Performing Walmart Anchored Center |High Traffic Retail Street
Prime Antioch Retail Corridor | All Anchors Nearby Rank In The Top Percentile Nationwide
Highly Affluent Bay Area Demographics
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach, Compass Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$129,892.00
$10,824.33/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Map
Zoning
PD PlannedPlanned Development
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View all 1 uses
View all 1 uses Last updated Apr 17, 2026 For deeper zoning details, reports are available at Zoneomics
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