Essential Properties Realty Trust, a New Jersey-based real estate investment company, has acquired four restaurant properties across the South Bay and East Bay for a combined $10 million.
The four properties are occupied by Denny’s restaurants and Keke’s Breakfast Cafe and are located at 1015 Blossom Hill Road in San Jose, 311 South Mathilda Avenue in Sunnyvale, 8425 San Ysidro Avenue in Gilroy, and 612 Contra Costa Boulevard in Pleasant Hill, according to Mercury News. All transactions were formally completed on January 26, 2026.
The largest transaction was the sale of the Denny’s in San Jose for $4.7 million. The Keke’s Breakfast Cafe in Sunnyvale was acquired for $1.9 million. Two additional Denny’s locations were each purchased for $1.7 million. Together, the four properties make up the full $10 million portfolio.
The Sunnyvale Keke’s Breakfast Cafe is located within the Maxwell development on South Mathilda Avenue and includes dedicated covered parking. All four assets are configured as single-tenant restaurant sites with existing dining operations. The properties span multiple Bay Area submarkets, offering geographic diversity within the acquisition.
Essential Properties Realty Trust focuses on acquiring and managing net-leased, single-tenant properties leased to service-oriented, experience-based businesses. The company targets restaurants, car washes, medical services, convenience stores, fitness centers, entertainment venues, and early childhood education sites. These categories are considered less vulnerable to e-commerce competition.
This acquisition aligns with Essential Properties’ long-term ownership strategy centered on income-producing commercial real estate. The addition of these Bay Area restaurant properties further expands the company’s California footprint while maintaining its focus on established dining operators.
