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6/08/18
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Fallon Gateway, a 200.9k sf, grocery-anchored retail center in the Bay Area city of Dublin has been listed for sale. This is the first time that the property, which is shadow-anchored by Target, has been listed for sale.
Serving the Tri-Valley trade area, Fallon Gateway is a newly constructed suburban retail center anchored by Target (NAP), Lucky’s California, Dick’s Sporting Goods, PetSmart and Guitar Center. The property is 96% occupied and features a large selection of popular shops and restaurants.
Fallon Gateway is located at 2800 Dublin Blvd, providing unobstructed visibility and convenient access to I-580. The retail center is also adjacent to the 697k sf San Francisco Premium Outlets, which includes 180 stores.
James Kaye, Jay Gomez, Lindsey Snider and Matt Kircher of CBRE’s Bay Area Retail team are representing the seller, Stanforth Holding Company LLC, the property’s developer.
The Tri-Valley trade area serves over 220,000 people with average household income in excess of $152k within a five-mile radius. With median home value in Dublin at $914,400, Dublin home values have gone up 8.4% over the past year and are predicted to rise another 8.4% within the next year according to Zillow.
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