Newmark is pleased to present the opportunity to acquire Centre Place I, an ±17,707 square foot, net-leased retail center at 1231-1255 S. California Blvd. in Walnut Creek, California.
Anchored by Charles Schwab’s flagship retail banking branch and The Habit Burger Grill (#21 in the portfolio as reported by Placer AI).
The fast-casual food tenants’ benefit from high daytime populations (120,000+ within 3 miles) and affluent demographics (avg. household income of $158,175 within 3 miles) which support strong sales. Habit Burger has been immensely successful at this location with sales volumes well above $1,000 per square foot.
Walnut Creek is home to some of retail’s premier luxury tenants including Apple Store, Tiffany and Co., Tesla, Vineyard Vines, Restoration Hardware, and Life Time Fitness. Just two blocks from the property, Macerich Properties’ Broadway Plaza (anchored by Nordstrom, Macy's, Apple Store, and Life Time Fitness) highlights Walnut Creek’s retail core and is widely considered the East Bay’s retail crown jewel.