Republic Square Livermore Retail Ctr Retail FOR SALE


Livermore, CA
$40,000,000 USD
408-477-2505
, Livermore, CA for Sale
$40,000,000 USD
Retail - FOR SALE
1/15
null | 5.53% Cap Rate

Republic Square Livermore Retail Ctr
Livermore, CA


HIGHLIGHTS

  • Next to SF Premium Outlets, which draws 9+ Million visitors annually.
  • Diversified mix of Tenants: health, restaurant, beauty- with neighboring Marriot and Homewood Suites hotels (N.A.P.)

OVERVIEW

85% Leased, Proforma CAP Rate 6.4% - Seller to provide credits for some Rents, TI's or NNN expenses Exceptional tenant commitment to the center, over $18 million + in tenant improvements Long-term tenant stability with new 10-year lease terms, 3% average annual increase, + several options “Main and Main Location” - Strategically located with I-580 frontage, offering excellent freeway access and traffic exposure to over 211,000 vehicles daily. Situated off of El Charro Road, with an additional 68,000 vehicles per day. A substantial residential and daytime population, totaling approximately 195,219 individuals withing a 5-mile radius. Market driven appreciation – contributed to close proximity to major residential and commercial developments, including the Dublin Fallon 580 Project, the Francis Ranch Project, and the Righetti Property. Situated in a highly affluent trade area, with average household incomes in excess of $222,000 in a 1-mile radius Value-Add Opportunity: With 17 of 21 spaces currently leased, 10,505 SF remains available, offering significant upside upon 100% occupancy. Shadow Anchored by the San Francisco Premium Outlets - The Tri-Valley’s top-performing retail hub, attracts over 9 million visitors annually and generates upwards of $700 million in annual sales. Internet-Resistant Tenancy – A diverse mix of regional and local retailers, tenants include a mix of restaurant, health, beauty, and medical businesses.

ASK ABOUT THIS PROPERTY

Ryan WarnerMeacham/OppenheimerMore Info
408-477-2505

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Ryan WarnerMeacham/OppenheimerMore Info
408-477-2505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.