We are pleased to present a single tenant Convenience & Liquor Store located in Antioch, California.  This property is fully leased to a local and experienced convenience store operator – The Spot.  Previously a QuickStop location since 1999, the franchisee took over the space in 2021 and has been operating ever since.  The property is part of a strip center owned by one other entity and serves the local neighborhood and community. 

At the existing income without the security expense, the property produces an approximate 8.88% cap rate.  There was a security expense imposed  by the City of Antioch in late 2022, which can likely be dissolved with time.

The existing tenant The Spot, is on a month-to-month lease, however they would prefer to negotiate a long term lease at an amicable price and terms.  The asset is priced attractively at $210 per square foot for the building and $32 per square foot for land, this is below replacement cost and with current and potential income of the asset is truly a unique offering in the market.