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Kohl’s @Crossroads Shopping Center

2302 Monument Blvd, Pleasant Hill, CA

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Property Details

  • Price $39,000,000
  • Cap Rate 8.00%
  • Tenancy Single
  • Property Type Retail
  • Property Subtype Department Store
  • Building Size 101,195 SF
  • Year Built 1999

Investment Highlights

  • Rare opportunity to acquire a SF Bay Area trophy retail property (LEED Silver Certified)
  • Corporate guaranty by Kohl’s Corporation (NYSE : KSS)
  • Absolute NNN lease, over 4 years remaining with eight, 5-year options and 10% rent increases every 5 years
  • Strong performing location with nearest competing location 23 miles south of subject property
  • Kohl’s has generated $478 million of operating cash flow during the first six months of 2026
  • Unparalleled visibility directly off of I-680 with traffic counts exceeding 224,500 VPD
  • Anchor to The Crossroads at Pleasant Hill with national retailers including Marshalls, Dick’s Sports Goods, Dollar Tree, AT&T, AAA, Wells Fargo, Panda Express, Daveʼs Hot Chicken, and Wingstop
  • Centrally located within Contra Costa County in between major employment centers of Walnut Creek and Concord
  • Average household incomes exceed $157,000 within a 1-mile radius, over 274,000 residents within a 5-mile radius
  • Prime East Bay location, 26 miles from San Francisco, and 14 miles from Oakland
  • Top performing Kohl’s in region, 21 year operating history
  • Includes Sephora, a global beauty and personal care retailer
  • Kohl’s operates over 1,100 stores across 49 states
  • Founded in 1927 as a grocery store in Milwaukee, Wisconsin with first department store opening in 1962
  • Features national brands like Nike and Levi’s alongside exclusive stores brands like Sonoma Goods for Life and Tek Gear
  • Recession proof discount retailer format with limited competition in surrounding trade area

Team