SRS, in coordination with Eastdil, is pleased to present the outstanding opportunity to acquire the 100% fee simple interest in Gateway Centre, offered free and clear of existing debt.
Gateway Centre is a 112,553-square-foot grocery-anchored neighborhood center located in the affluent San Francisco Bay Area community of San Ramon. The property is fully leased and anchored by Lucky Supermarkets (Save Mart), one of Northern California’s most recognizable and established grocery banners. The property offers a diverse tenant mix of strong-performing restaurant operators (TTM Sales: $600+ PSF), health & wellness tenants, and other essential daily-use tenants.
The property is prominently situated on a 10.61-acre infill site immediately adjacent to the Interstate 680 on/off ramp, with approximately 180,000 vehicles passing by each day, connecting the property to the Tri-Valley and broader East Bay region. Gateway Centre is decidedly positioned to capitalize on Tri-Valley’s typical traffic flow. The commute into Tri-Valley is often a reverse commute, with workers traveling east from the city, allowing them to easily access the property via a right-lane exit. The region’s strong fundamentals and dynamic employers fuel the success of retail assets. 83.6% of Tri-Valley’s workforce is white-collar, and it hosts corporate headquarters for companies such as Workday, Chevron, and Safeway. These prestigious employers contribute to the region’s astounding average annual household income of $245,000, which is 91% higher than the national average.