600 Alfred Nobel Drive
STNL Office Investment | Earned Wealth (PE-Backed) Guaranty | 7.00% Cap | Lease Through 2035
Marketing description
Newmark, as exclusive advisor, is pleased to present the opportunity to acquire 600 Alfred Nobel Drive (the “Property”), an approximately 11,061 square foot freestanding two-story office condominium in Hercules, California.
The Property is 100% leased on a modified net basis to Chahal & Associates, LLC through April 3, 2035. The lease is guaranteed by Earned Wealth Holdings, L.P., a PE-backed financial services firm serving nearly 19,500 clients with approximately $3.4 billion in assets under management.
Earned Wealth Holdings acquired Chahal & Associates in April 2025 and has since raised over $200 million in growth equity from Summit Partners and Silversmith Capital Partners. The guarantor’s institutional backing provides meaningful credit enhancement to the lease obligation.
The tenant invested approximately $1,200,000 in high-quality interior improvements in 2020, reflecting a deep commitment to this location. The building includes an elevator, fire sprinklers, ample parking including 14 covered stalls in a gated lot below the building, and is centrally located with convenient access to Interstate 80, Highway 4, and Interstate 680.
Investment highlights
- 10-year lease with Chahal & Associates, LLC – in business over 22 years, founded 2003
- Low-management modified net lease – tenant pays all operating costs directly except property tax, which is reimbursed
- Tenant invested approximately $1,200,000 in high-quality custom improvements during 2020 full remodel
- Two five-year renewal options with 2% annual increases
- 14 covered parking stalls in gated lot below building with additional shared parking via reciprocal agreement
- Central location with easy freeway access to I-80, Highway 4, and I-680; walkable amenities nearby
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