"Trophy" Bay Area Re-Development or Re-Lease Opportunity

Rare “Trophy” Location in Downtown Lafayette, CA

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For Lease or For Sale

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Walgreens will be vacating this location at the end of 2024.

Current ownership is open to leasing or selling the property.

Contact Agents for more details.

Current NOI: $370,000 NNN Annually (Walgreens is vacating at end of 2024)

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Land Use Summary:

· Zoning: P1 Planned Development Area

· Specific Plan: Downtown Specific Plan, Bart Block Subarea

· General Plan: Downtown Core

Allowable Uses: Residential, Mixed-Use, Retail, Office, Drive-Thru allowed with Land Use Permit

Core Development Standards:

· Residential Density: 35 DU/Acre Residential By Right, the City has stated they are open to reviewing development proposals up to 60 DU/Acre

· Height Limit: Above 35’ May be allowed (majority of site). Within 25’ of Mt. Diablo Blvd 3 stories / 35’. See Parcel Map for illustration.

· Other: Some ground floor retail may be required

· Transit Oriented Development: The property is immediately adjacent to the Lafayette BART Station, additional residential

development overlays may be applicable. Buyer to confirm.

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Lafayette Among America’s 25 Richest Cities - Lafayette is the 14th wealthiest community in the United States of America based on median household income and five-year estimates from the U.S. Census Bureau

Downtown Lafayette Redevelopment Opportunity along Mt Diablo Blvd with Rare On-Site Parking - The subject property sits on nearly 1 acre, with excellent street frontage and visibility along Mt Diablo Blvd and features on-site parking which is rare in the Downtown area

Top Retail, Shopping, Dining Hub within Lafayette - Mt Diablo Blvd is the main thoroughfare within Downtown Lafayette and features all the latest retail vendors, shopping, dining, mixed-use living, etc.

- Tenants in the immediate area include: Trader Joes, Whole Foods, Diablo Foods, Safeway, BevMo, CVS, Starbucks, Peets Coffee, Philz Coffee, Orangetheory Fitness, and many other high end boutique retail shops/dining and luxury condos/apartments/homes etc.

Rare Location within “BART Block” - Located immediately adjacent to the Lafayette BART station and within the “BART Block”, which allows for more favorable redevelopment opportunities

Major Re/Development Market - See more info, page 7, Major Developments Map

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