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3190 Klose WayRichmond, CA 94806
Hilltop Plaza
Asset ClassRetail
Square Feet245,921
% Leased: 89%Land: 59.12 AcresWeighted Average Lease Term: 7 YearsAccess Data Room
Value-Add Community Center | Richmond, CA


Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Hilltop Plaza (the “Property”), a rare institutional-quality value-add community center in Richmond, California. Comprising 245,921 square feet of rentable area and over 59 acres of usable land, the Property represents a rare opportunity to acquire large-format retail in the Bay Area. Hilltop Plaza is 89% leased to national & credit tenants including Ross Dress for Less, City Sports Club, dd’s Discounts, and Century Theatres, as well as an assemblage of QSR, daily needs, and service tenants. The long-term average tenant occupancy of over 18 years provides dependable cash flow from numerous first-generation tenants. Hilltop Plaza’s optimal location along the highly trafficked Interstate 80, and robust surrounding demographics combine to generate strong tenant performance and a thriving retail center. Hilltop Plaza offers an exceptionally secure income-generating center with unique opportunities to add long-term value in a strategically significant Bay Area location.

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Investment Highlights

  • Rare Institutional-Quality Community Center with Significant Value-Add Opportunities
  • High-Performing National & Credit Tenancy with Over 7-Years WALT Remaining
  • Ideally Positioned Along Interstate 80 with Visibility to over 190,000 Vehicles Per Day
  • Exceptional Visitor Foot Traffic and Regionally-Drawing Trade Area
  • Highly Attractive Land Basis and Ability to Control Large Infill Footprint
  • Poised to Benefit From Adjacent Development as Surrounding Densification and Daytime Population Increase
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3190 Klose WayRichmond, CA 94806


Listing provided by Revere CRE