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Alpine Creek Town Center

4 Retail Properties Offered at £11,046,000 in Alpine, CA

Executive Summary

Newmark Retail Capital Markets is pleased to present the opportunity to acquire a fee interest in Alpine Creek Town Center, the premier specialty retail center in the City of Alpine, California. Artfully designed and merchandised with upscale dining and hip boutique restaurants, the 56,000 square foot Alpine Creek Town Center provides its affluent customers a gathering place and sense of community unique to the area.
Alpine Creek’s roster is full of locally owned and operated restaurants. From craft beer brewed on site to Italian bistros and Mexican fare and sushi, Alpine locals have a wide variety to choose from. The center has long been noted for its restaurant success as most of the restaurants have operated within the center for over ten years. The center itself promotes a dining experience featuring well-lit walkways and parking lots, meandering water features and lush landscaping with common areas for patrons to gather at any hour.
Alpine Creek Town Center is located at the signalized intersection of Alpine Boulevard and Tavern Road, just one block off Interstate 8. The center is anchored by high-performing Baron’s Specialty Market, Ace Hardware (the area’s only home improvement option) and regional pet operator Kahoot’s Pet Store. While not a part of this offering, CVS Pharmacy serves as an integral co-anchor and an important traffic generator. Alpine Creek Town Center is the only grocery and drug anchored center in the Alpine submarket.

Property Facts

Price £11,046,000
Price / SF £193.67 / SF
Net Initial Yield 6.68%
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 57,036 SF
Total Land Area 9.27 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Building C
1347 Tavern Rd, Alpine, CA 91901
Retail 37,565 SF 1978 -
Building B
1347-1392 Tavern Rd, Alpine, CA 91901
Retail 8,595 SF 1978 -
Bldg D
1347 Tavern Rd, Alpine, CA 91901
Retail 4,676 SF 1978 -
Bldg E
1347 Tavern Rd, Alpine, CA 91901
Retail 6,200 SF 1978 -
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  • Listing ID: 33907874

  • Date on Market: 18/11/2024

  • Last Updated:

  • Address: Alpine Creek Town Center, Alpine, CA

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