Double Net (NN) Lease with Drive-Thru

Essential CRE is pleased to offer for purchase the single tenant Rite Aid in Vasco Plaza in Livermore, CA. Vasco Plaza is a grocery anchored shopping center located in one of the most vibrant and rapidly growing submarkets of Alameda County. The subject property is 16,320 square feet and resides on 1.65 acre parcel with drive-thru. Rite Aid’s has +1 years remaining on a twenty year lease that commenced in 2005 and six, 5-year options with 5% scheduled increases at each option.

Tri-Valley Junior Box with Drive Thru; Seasoned Location in Vasco Plaza, Excellent Reposition or Redevelopment Opportunity
Double-Net (NN) Lease with +1 Year Remaining on Initial Term and Six, 5-Year Options with 5% Increases at each Option
Located in Vasco Plaza Shopping Center; Tenants include 88 Seafood Market, Starbucks, Chase Bank, UPS Store, Great Clips, Dickey's BBQ and Mountain Mike's Pizza

Livermore is located in Alameda County, California and is situated in the eastern part of the San Francisco Bay Area, approximately 35 miles (56 kilometers) east of San Francisco. It is part of the larger San Francisco Bay Area and is known for its suburban character, nestled in a picturesque valley. Livermore's economy has a diverse base, including technology, wine production, retail, and service industries. The city is home to the Lawrence Livermore National Laboratory. Livermore is known for its blend of suburban living, technological innovation, and contributions to the wine industry. It offers a comfortable lifestyle and proximity to the economic opportunities of the broader San Francisco Bay Area while maintaining its unique character and charm.

Vasco Plaza boasts a strong, synergistic mix of national and local retail tenants. Starbucks, Carl's Jr, Dickey’s BBQ, Great Clips, Mountain Mike’s Pizza, Chase, UPS Store and State Farm are all located within the inline and outparcel shop space within the center. There is also a dark, free standing grocery anchor site formerly occupied by PW Market. Located at intersection of North Vasco Avenue and Scenic Avenue, the subject property benefits from excellent exposure and immediate access from Interstate 680.