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FOR SALE: MARKET TAVERN | New 25-Year NNN Lease | Full Remodel Restaurant | Core Bay Area – Dublin

4775 Hacienda Drive, Dublin, CA 94568

PROPERTY SIZE

6,550 SF

Property highlights

The Lockehouse Investment Sales Team is pleased to exclusively offer for sale the Market Tavern Restaurant located in Hacienda Crossings Shopping Center in Dublin, CA across from Whole Foods, the planned IKEA anchored development, and directly next to Interstate 580. The building has recently undergone complete remodel and opened in February of 2019.

Property Summary 

Address: 4775 Hacienda Drive, Dublin, CA 94568

Tenant: Market Tavern

GLA: 6,550 SF

Year Built: 1999/2018

Offering Summary 

Price: $7,988,000

Cap Rate: 5.00%

Net Operating Income: $399,406

Ownership Type: Fee Simple

Highlights

  • The Market Tavern building has undergone complete remodel, with over $1.5 million in total upgrades
  • New 25-year NNN lease with two 5-year options
  • Rent increases 10% every 5 years in primary term and Fair Market Rent Value increases in options
  • High Visibility – Market Tavern is the first building off I-580 on the Hacienda Drive exit
  • Market Tavern is located in the heart of Dublin’s retail epicenter in the Hacienda Crossings Shopping Center, anchored by Regal Imax Theatre, Best Buy, Bed Bath & Beyond, Any Mountain, ULTA, TJ Maxx, Old Navy, and Barnes & Noble
  • Excellent street visibility and highly desirable retail location in Dublin with traffic counts: 32,000 vehicles per day on Hacienda Boulevard and 216,000 on highway 580
       

Brokers

David Kram

MANANGING DIRECTOR OF INVESTMENT SALES

(650) 445-4490

dkram@lockehouse.com

Rachel Kram

VICE PRESIDENT OF INVESTMENT SALES

(650) 445-4490

rkram@lockehouse.com

Kirk DeClark

VICE PRESIDENT OF INVESTMENT SALES

(650) 548-2664

kirk@lockehouse.com

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