1347 Tavern Rd Alpine, CA 91901-3853

This exceptional 56,387 square foot retail center in Alpine, CA (91901), presents a compelling investment opportunity. Located at the signalized intersection of Alpine Boulevard and Tavern Road, one block from Interstate 8, this property boasts a 100% occupancy rate and a strong tenant lineup including Barons Market, Ace Hardware, and Kahoots Pet Store. CVS Pharmacy serves as a significant co-anchor, further enhancing the center's appeal. Built in 1978 and renovated in 2008, the five single-story buildings sit on a 6.91-acre lot (APN 403-370-50). The center features upscale dining options, many operating for over a decade, creating a thriving community hub. The property's design incorporates well-lit walkways, parking lots, water features, and lush landscaping. This NNN-leased property features credit-rated, franchisee tenants, offering stability and predictable income. The asking price is $14,000,000, representing a price per square foot of $248.28 and a 6.68% cap rate. As the only grocery and drug-anchored center in the Alpine submarket, this investment offers significant potential for long-term growth and returns. The property's location in an affluent area, coupled with its below-market rents and internet-resistant tenant mix, ensures a resilient and profitable investment.