Newmark Pacific Retail Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the single triple net lease Safeway at The Market Mountain House (the "Property", a newly contructed 55,822 square foot Safeway anchored neighborhood center situated in the uber growth submarket of Mountain House, California. Prominently positioned at the Southwest corner of Byron Road and Mountain House Parkway. Not-a-part of the offering, The Market Mountain House is comprised of internet resistant shop tenants including Safeway fuel station, Starbucks (drive-thru), Häagen-Dazs, The UPS Store, and a lineup of new food options icluding the Hangar Taproom and Brews, Mountain Mike's Pizza, AappaKadai Indian Chettinad, and Taqueria La Mexicana.
Located approximately 15 miles northeast from Livermore, Mountain House has experienced tremendous population and income growth. The master-planned community development in Mountain House is set to double the number of households in the immediate radius of the center from 25,000 to almost 50,000 when complete. This sprawling high growth market has benefited as a bedroom community and spillover location for the booming San Francisco/East Bay/Tri-Valley. More than 90% of voters approved incorporating the community of Mountain House in San Joaquin County in March of 2024, creating the first new city in California in over a decade. As Mountain House grows, Safeway continues to be poised as the grocer lead in the region.