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Grocery-Anchored Shopping Center

345 Railroad Avenue, Danville, CA 94526

For Sale
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The fully leased retail property pairs a specialty grocer with national and regional businesses in downtown Danville.

Property Size61,915 SF
Days on Market11

Property Features for 345 Railroad Avenue

General Information

Standard status Active
Size 61,915 SF
Property subtype Retail
Occupancy 100%

Additional Details

Anchor Co-Tenants Lunardi's Markets
Tenant in Place Yes

Building Details

Tenancy Multi
Listing Agency: NEWMARK PACIFIC
Listed By: Warren McClean · License #02115982
Source: Crexi
Added: Oct 30 Changed: Nov 8 Last Checked: Nov 8 at 4:27PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NEWMARK PACIFIC

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Investment Insights

Based on property information with market context.

Iron Horse Plaza is a 61,915-square-foot shopping center at 345 Railroad Avenue in Danville. Lunardi’s Markets anchors the property, which is fully leased and includes a mix of national and regional retailers, restaurants, and service businesses. Tenants include Orangetheory Fitness, Noah’s New York Bagels, Peet’s Coffee & Tea, The Great Greek Mediterranean Grill, Verizon, and Panda Express.

The center is located in downtown Danville, California. Its weighted average lease term is 2.9 years, extending to 18.2 years on a fully extended basis. Several shop-space leases are below market, according to the provided property details.

Key Highlights

  • 61,915‑square‑foot shopping center
  • 100% leased
  • Anchored by Lunardi’s Markets

Property Analytics

Current Use

Lunardi's Markets Specialty Food Shop Amazon Locker - Kapil Postal Service Iron Horse Plaza Shopping Center & Mall Danville Wood Fired ... Restaurant

Suggested Use

Top Pick Furniture & Home Goods Grocery & Convenience Store Storage Facility (Bike/Boat/Book/etc) Store Garden Center Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,334
Businesses Nearby
238k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 35% Shops & Services 31% Groceries 29% Electronics 2%
Trader Joe's Groceries
34,314 visits/mo 0.3 miles
Smart & Final Groceries
26,208 visits/mo 0.4 miles
Chevron Shops & Services
15,895 visits/mo 0.4 miles
Chipotle Mexican Grill Dining
14,089 visits/mo 0.4 miles
Taco Bell Dining
12,670 visits/mo 0.2 miles

Demographics for 94526, CA

33,064
Population
12,265
Households
2.7
Avg Household Size
46
Median Age
69%
College-Educated
98%
High-School Grad
13.2 sq mi
ZIP Area
2,505
Density / Sq Mi
$216,974
Median Household Income
$104,261
Median Earnings
$3,501
Median Rent
$1,588,000
Median Home Value

Market

Properties on Market for Shopping centers in Contra Costa County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

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Frequently Asked Questions

What type of property is this?
Shopping center - The fully leased retail property pairs a specialty grocer with national and regional businesses in downtown Danville.
Where is this shopping center located?
The property is located at 345 Railroad Avenue Danville, CA.
What are key features of this property?
This property features: 61,915‑square‑foot shopping center; 100% leased; Anchored by Lunardi’s Markets
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