Investment Overview
Newmark, as exclusive advisor, is pleased to offer the opportunity to acquire Sunnyvale Retail Center (the “Property” or “Center”) located at 1500-1512 Sunnyvale Avenue in Walnut Creek, California. The Property is one hundred percent leased by five tenants and benefits from excellent visibility at a highly trafficked signalized intersection with exposure to over 33,000 vehicles per day.
Available for the first time in over twenty-five years, the Center offers a diversified rent roll with scheduled annual increases and a staggered lease expirations thus providing an attractive combination of stability and income growth.
Investment Highlights
- Rare Walnut Creek Retail Opportunity — Opportunity to acquire a small, fully leased retail center in Walnut Creek
- 100% Leased — Synergistic mix of five service, restaurant and retail tenants
- Prime Corner Visibility — Excellent exposure at a highly trafficked, signalized intersection
- E-Commerce Resistant Tenancy — Destination-oriented businesses that drive customer visits
- Dedicated Parking — On-site surface parking lot with 31 stalls
- Affluent Demographics — Household incomes exceed $160,000 within a 3-mile radius
- Convenient Freeway Access — Easy access to I-680
- Strong Traffic Counts — Hard-corner location with more than 33,000 average daily vehicles