Hobby Lobby & Guitar Center

100% occupied by national tenants, Hobby Lobby and Guitar Center on NNN leases
Strong historical occupancy; Guitar Center has been a tenant for over 27 years and Hobby Lobby has been a tenant for over 12 years
Both tenants recently exercised their 5-year options demonstrating their long term commitment to this location
Current WMX (West Concord Mixed-Use) zoning allows for higher density retail, hospitality, and office development
Strategically positioned at a signalized, hard corner intersection with unobstructed visibility from Willow Pass Road (39,300 VPD) and Diamond Way (16,250 VPD)
Within immediate proximity to East Bay’s most heavily trafficked freeways, Interstate 680 (224,500 VPD) and Highway 242 (125,500 VPD)
Willow Pass Road is the entry to the core of Downtown Concord and Diamond Way is the thoroughfare for Concord’s most vibrant retail centers and professional office complexes
Benefits from close proximity to some of the highest-profile retail and residential developments in the East Bay
Located near high end lifestyle centers, The Veranda and The Willows as well as and high density residential developments; Renaissance Square Apartments – 281 high end units with club amenities and Park Central – 259 luxury apartments
Hobby Lobby is the largest privately owned arts and crafts retailer in the world founded in 1972
Hobby Lobby generated over $8 billion sales in 2025 with over 1,000 locations in 48 states
Guitar Center is the leader in the music retailer industry with over 320 stores in 45 states and was founded in 1959
Guitar Center generated over $2.85 billion is sales for 2025, a strong increase over the past 3 years
#1 Location in the US, 163,500 visitors per year, 33% increase from previous year (Placer AI)
Both tenants are dominant in their respective categories and have experienced significant growth in recent years

Property Details

Investment Highlights

Team

Michael Cisternino

Nick Cole