1997 Tice Valley Blvd, Walnut Creek, CA

This retail property, located in an infill Bay Area location with significant barriers to entry, is an absolute NNN lease to Savers with approximately 7 years remaining. The property features 10% rental escalations throughout the primary term and options, with zero landlord maintenance responsibilities. TVI, Inc. (dba Savers) is the largest for-profit thrift store chain in the world with 315 locations in the U.S., Canada & Australia, and reported revenue of $4.7 billion in 2023. The property is a rare covered land play with strong underlying land values in a coveted SF Bay Area location in close proximity to Downtown Walnut Creek. Nearby top-performing retailers include Apple Store, The Container Store, Zara, Anthropologie, Habit Burger & Grill, and Shake Shack. The property has excellent access and visibility on a hard signalized corner with 36,800 AADT, and is less than 2 miles from the I-680/Hwy 24 junction with a combined 349,500 AADT. Situated adjacent to the thriving Rossmoor Community of Walnut Creek, one of the first "Active Adult" (55+) communities in the Bay Area with more than 7,000 residents on 1,800 acres with five clubhouses, two golf courses, a fitness center, and a large event center. The property is 2.5 miles from Kaiser Permanente Walnut Creek Medical Center. The daytime population within 5 miles is 191,794, and the average household income within a 5-mile radius is $224,537. Centrally located within the San Francisco Bay Area, which has a population of 7.55 million and an MSA GDP of $681.9 billion. The property has a size of 17695 square feet.