For Sale
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1900 Tice Valley BlvdWalnut Creek, CA 94595

Grocery-anchored retail center, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents the chance to acquire the Rossmoor Shopping Center, a premier Class A, grocery-anchored neighborhood center located in Walnut Creek, California. The 120,531 square foot property boasts a 92.3% occupancy rate and features a diverse mix of 33 tenants, including prominent anchors such as Safeway and CVS Pharmacy. Built in 1965 and extensively renovated in 2020, the center comprises twelve single-story buildings situated on a 15.23-acre lot with 535 parking spaces. Its prime location at the intersection of Rossmoor Parkway and Tice Valley Boulevard provides excellent access to the affluent Rossmoor community. The property is zoned P-D and offers a highly secure cash flow stream, supported by a loyal customer base and strong tenant demand. This core investment presents a rare opportunity to acquire a well-established, high-performing retail center in a desirable Bay Area location with potential for future value appreciation. The property's strong tenant roster and established position within the community make it an attractive investment for discerning buyers seeking a stable and growing income stream. The center's convenient location and ample parking further enhance its appeal to both tenants and customers.

Highlights

  • Grocery-anchored neighborhood center in the Bay Area.
  • Strong tenant mix with high-quality national brands.
  • Stable cash flow with a 9.3-year weighted average lease term (WALT).
  • Significant value-add potential.
  • Established trade area with a loyal customer base.
  • High tenant demand and strong leasing momentum.

Property Details for 1900 Tice Valley Blvd

Property type
Lifestyle centers, Power centers
Square Feet
120,531 SF
Class
A
Year Built/Renovated
1965/2020
Buildings
12
Stories
1
Lot Size (sq. ft)
663,419 SF

Location Insight

City
Walnut Creek
County
Contra Costa
State
California
Latitude
37.878173675807
Longitude
-122.0721740557
1900 Tice Valley Blvd, Walnut Creek, California

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1900 Tice Valley Blvd
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