San Francisco Bay Area Neighborhood Retail Center for Sale

Thursday, June 28, 2018

Update:  This property is no longer on the market. Please visit our Property Search page for a current listing of available Bay Area retail properties for sale.

HFF, on behalf of the owner, is offering qualified investors the opportunity to acquire Fairway Park Shopping Center, a 126,876-square-foot grocery- and drug-anchored neighborhood shopping center located along Mission Boulevard in Hayward, California. Fairway Park provides a rare opportunity to acquire a San Francisco Bay Area neighborhood center anchored by Grocery Outlet and Rite Aid. Long-term anchor leases provide an investor with an extremely attractive and stable cash flow. Fairway Park Shopping Center is 96 percent leased (lease pending) and offers a diverse mix of everyday needs, experiential, discount, community oriented and e-commerce resistant tenants.

Retail Property for Sale Investment Highlights

  • Irreplaceable Grocery- and Drug-Anchored Center Located in Core Bay Area Market:  Fairway Park Shopping Center is located at 31049-31117 Mission Boulevard in Hayward, an East Bay community about 30 miles from downtown San Francisco.  The property’s strategic location on Mission Boulevard provides ease of access on a major East Bay thoroughfare and enables it to serve an expanded trade area.
  • Extremely Affluent and Growing Trade Area:  More than 138,000 residents earning an average annual household income in excess of $118,000 live within a three-mile radius of the retail center for sale. Additionally, Hayward is experiencing a thriving economy and is home to more than 12,500 businesses hosting more than 100,000 jobs creating more than $34 million in annual sales tax revenue. The immediate trade area currently has more than 2,100 multi-housing units in the planning stages, approved or under construction.
  • E-Commerce Resistant, National Tenancy and Long-Term Stability:  Fairway Park Shopping Center is home to national tenants with 9.5 years weighted average length of tenancy. Major tenants include Grocery Outlet, Rite Aid, Dollar Tree and US Bank. Many of the in-line tenants are staples in the neighborhood and have been serving the surrounding community for years, and, with the recent signed lease of Grocery Outlet, the center has significant leasing momentum.
  • Potential to Add Value through Mark-to-Market:  With a new grocery anchor and four percent vacancy, a new owner has the opportunity to both lease-up vacant suites as well as enhance the existing tenant roster with new retailers seeking co-tenancy with national anchors.  

For more information on this commercial property for sale or other available retail properties on the West Coast, please contact Eric Kathrein, Gleb Lvovich or Bryan Ley. Click here for our real estate investment sales search page.

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Bureau of Real Estate, License Number 01385740.

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