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.