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Shopping Community

Village Shopping Center

Town and Country Dr, Danville, CA 94526

Listing Price: $20,500,000

Cap Rate
5.48%
Gross SF
67,642
Rentable SF
67,642
Price/Gross SF
$303.07
Lot Size
3.80 acres
Year Built
1977

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire The Village Shopping Center, a 67,192-rentable square-foot, 2-story retail center located in Danville, California. Built in 1977, the property is a pillar of the local Danville community. Featuring a diverse tenant roster of independently owned and operated businesses, the property benefits from its excellent location just off of San Ramon Valley Boulevard, one of the most traveled streets in Danville. Throughout the COVID-19 pandemic, the asset performed quite well and currently operates at 93% occupancy. New ownership of The Village Shopping Center will benefit from numerous opportunities to boost operating performance in the near-term. In-place scheduled rent increases and remaining lease-up of vacant space provide unique upside within an already stabilized asset. The next owner of The Village Shopping Center will be acquiring a well-maintained, high-performing asset in one of the wealthiest suburbs in America with a unique upside to increase near-term returns.

Investment Highlights

  • Diverse collection of independently owned and operated businesses (no chains)
  • Durable mission tile roof that should not need major upkeep for the foreseeable future
  • Located in Danville, CA, one of the wealthiest suburbs in the United States
  • Extremely strong demographic profile featuring an average household income of over $220,000 within a 5-mile radius
  • 93% occupied throughout the COVID-19 pandemic, showing the underlying strength of the asset
  • In-place scheduled rent increases and lease-up of vacant space provide near-term upside for new ownership
  • Pillar of Danville since 1977, impeccably maintained each year

Exclusively Listed By

Shopping Community

Village Shopping Center

Listing Price: $20,500,000

Cap Rate
5.48%
Gross SF
67,642
Rentable SF
67,642
Price/Gross SF
$303.07
Lot Size
3.80 acres
Year Built
1977

Investment Highlights

  • Diverse collection of independently owned and operated businesses (no chains)
  • Durable mission tile roof that should not need major upkeep for the foreseeable future
  • Located in Danville, CA, one of the wealthiest suburbs in the United States
  • Extremely strong demographic profile featuring an average household income of over $220,000 within a 5-mile radius
  • 93% occupied throughout the COVID-19 pandemic, showing the underlying strength of the asset
  • In-place scheduled rent increases and lease-up of vacant space provide near-term upside for new ownership
  • Pillar of Danville since 1977, impeccably maintained each year

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire The Village Shopping Center, a 67,192-rentable square-foot, 2-story retail center located in Danville, California. Built in 1977, the property is a pillar of the local Danville community. Featuring a diverse tenant roster of independently owned and operated businesses, the property benefits from its excellent location just off of San Ramon Valley Boulevard, one of the most traveled streets in Danville. Throughout the COVID-19 pandemic, the asset performed quite well and currently operates at 93% occupancy. New ownership of The Village Shopping Center will benefit from numerous opportunities to boost operating performance in the near-term. In-place scheduled rent increases and remaining lease-up of vacant space provide unique upside within an already stabilized asset. The next owner of The Village Shopping Center will be acquiring a well-maintained, high-performing asset in one of the wealthiest suburbs in America with a unique upside to increase near-term returns.

Exclusively Listed By

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