4775 Hacienda Dr
Dublin, CA 94568
Market Tavern · Retail Property For Sale

The subject property is prominently situated with excellent access and visibility outparcel to the Hacienda Crossings shopping center along Hacienda Drive (27,900 AADT) adjacent to its junction with I-580 (254,000 AADT). The site benefits from dense, affluent demographics with a population of 1,119,491 within a fifteen mile radius and an annual growth rate of 2.10% within one mile of the site. Median home value within five miles of the site is $944,958, and average household income within that radius exceeds $189,260. Approximately 35.4% of households within 5 miles of the subject property earn upwards of $200,000 annually, with nearly three-quarters of surrounding households earning at least $100,000 per year. The surrounding area benefits from robust educational attainment, with 72.7% of the population within one mile of the site having earned a bachelor’s degree or higher, more than twice the national average. Employment in the area is robust, with only 1.7% unemployment within a one mile radius. On average, households within five miles of the site spend more than twice the national average on food away from home. The property additionally benefits from a prominent retail location within a dense retail hub. The property benefits from robust co-tenancy within the Hacienda Crossings retail center, with major tenants including Regal Cinemas, TJ Maxx, Bed Bath & Beyond, Best Buy, ULTA Beauty, and more. Other major retail centers neighboring the site include Persimmon Place, with major tenants including Whole Foods, Nordstrom Rack, and HomeGoods; Metro 580, anchored by Walmart; Rose Pavillion, with tenants including Trader Joe’s, 99 Ranch Market, CVS, Fitness 19, Dollar Tree, and more; Fallon Gateway, anchored by Target with additional tenants including PetSmart, Dick’s Sporting Goods, and more; the San Francisco Premium Outlets, featuring Saks OFF 5TH, Bloomingdale’s Outlet, Prada Livermore, Gucci Outlet, The North Face, and more; Dublin Place, with tenants including Target, Safeway, 99 Ranch, Hobby Lobby, REI, Sprouts Farmer’s Market, and CVS; Dublin Retail Center, featuring Ross, Michael’s, Marshalls, and DSW as tenants; Stoneridge Mall featuring Nordstrom, Macy’s, and more; and Pleasanton Plaza, anchored by Cost Plus World Market and OfficeMax. In addition, the subject property is situated adjacent to the planned new 27.5 acre IKEA retail center, expected to begin construction in Spring 2020, which will include a 317,000 square foot IKEA store, 93,000 square feet of retail shops and restaurant space, and a walkable central plaza. Development activity in the surrounding area is robust, with more than 5,200 new residential units and numerous commercial projects in the development pipeline. Major projects planned and underway include At Dublin, a 77.3 acre mixed-use project slated to include up to 665 residential units and 400,500 of commercial and lifestyle retail space; Schaefer Ranch, a 500 acre subdivision featuring approximately 302 new single-family homes, of which only 19 remain to be completed; Boulevard/Dublin Crossings, slated to include up to 1,995 residential units, 35 acres of public parks, and up to 200,000 square feet of new commercial space; Grafton Plaza, a mixed-use project featuring 115 residential townhomes, a 127-room hotel, and 55,000 square feet of retail space; the Zeiss Innovation Center, an 11.36 acre office campus slated to include more than 433,000 square feet of new office space; Jordan Ranch, featuring 457 single-family homes and approximately 323 new multi-family units; Tassajara Highlands, featuring 48 new single-family homes currently under construction; the Corrie Center, which will include a redevelopment of existing office space and a new 138-room hotel; Ashton at Dublin Station, a 220-unit apartment community; Moller Ranch/Tassajara Hills, which will include 370 new single-family homes; Wallis Ranch, featuring 452 new single-family homes; Saint Patrick Way, a new 499-unit apartment complex; and more.