Grocery Outlet

Dublin, California is a thriving, affluent city located in the Tri-Valley region of Alameda County, approximately 35 miles east of San Francisco and 25 miles north of Silicon Valley. Known for its rapid growth, excellent schools, and business-friendly environment, Dublin has become one of the most desirable suburban markets in the San Francisco Bay Area. The city sits at the crossroads of Interstate 580 and Interstate 680, offering exceptional regional connectivity and high daily traffic volumes that support both retail and commercial activity. Dublin is served by two BART stations, making it a strategic hub for commuters throughout the East Bay and beyond. Dublin’s retail corridors are anchored by major national tenants including Target, Whole Foods, Safeway, Sprouts, Ross, and Walmart, as well as a wide variety of restaurants, entertainment venues, and service providers. The city is also home to several growing office and light industrial parks, attracting employers in technology, healthcare, logistics, and professional services. With a high-income residential base, strong employment growth, and a population that has more than doubled in the past 20 years, Dublin continues to attract both investors and major retailers looking to expand in a stable, upscale suburban market.The Kase Group is pleased to present a rare opportunity to acquire a corporate Grocery Outlet located in Dublin, California. The property features a 21,470 SF building on a 2.897-acre parcel within the high-traffic Shamrock Village Shopping Center. Strategically positioned near the interchange of I-580 and I-680, the site benefits from outstanding visibility and access, with traffic counts exceeding 323,000 vehicles per day across nearby freeways and arterials. The property is secured by a long-term NNN lease and corporately guaranteed by Grocery Outlet. The lease commenced in January 2024 and extends through January 2039, with four (4) additional five-year renewal options and 10% rental increases every 5 years. The property also offers further development potential, please inquire with broker for more details. The immediate trade area includes major national retailers such as Target, CVS, Dollar Tree, Sprouts Farmers Market, REI, Safeway, PetSmart, Burlington, Michaels, Ross Dress for Less, Marshalls, DSW, Joann, The Cheesecake Factory, Apple, and Costco Wholesale, supporting strong daily consumer traffic. The property is also located near major shopping destinations including Dublin Place, Hacienda Crossings, Simon Operated San Francisco Premium Outlets and Stoneridge Mall, further enhancing its regional retail appeal. In addition to robust retail infrastructure, the property benefits from its proximity to major office parks and employers in the Tri-Valley area, including Bishop Ranch and the broader Pleasanton/Dublin business district—one of the Bay Area’s most active suburban employment hubs. The site is also near top-tier educational institutions including Dublin High School, Wells Middle School, and Frederiksen Elementary School, and offers convenient access to Dublin/Pleasanton BART Station and West Dublin/Pleasanton BART Station, providing excellent connectivity for commuters and shoppers alike. One-mile demographics include 14,355 residents with an average household income of $235,104, while five-mile demographics include 213,535 residents with an average household income of $256,441, reflecting the area's exceptional affluence and ongoing growth.