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3900 Newpark Mall Road, Newark, CA, USA

Price: $3.50/sf/month modified gross

Executive Summary

The Ivy Group is pleased to present FOR LEASE a ground floor second generation restaurant space.

Located directly across from Newpark Mall, the space is perfectly suited for operators seeking restaurant space with full infrastructure in place.

The property features abundant parking and easy access to freeway 880.

Offering Memorandum
Due Diligence

Highlights

  • Building Size

    1,584 square feet

  • Lot Size

    87,145 square fee (2.01 acres)

  • Year Built

    1987

  • Zoning

    Regional Commercial (RC)

  • Use

    Restaurant

  • Freeway Access

    Convenient and easy access to Interstate 880

  • Bus Stop

    Walking distance to major bus stops and public transportation nodes

Location

Newark is a city in Alameda County, California and was incorporated in 1955.  It is located 35 miles south of San Francisco and is surrounded by near numerous high technology hubs. The city offers easy access to highways 580, 680, 880 and the Dumbarton Corridor.

Newark has evolved throughout the years from its days enriched in agriculture, manufacturing and railroad to today’s expansion of high-tech, biotech and the health sciences.

Newark is currently in the midst of some very exciting projects including new housing developments, and many retail and commercial businesses.

On July 22 Newark City Council voted unanimously to approve proposed designs from mall owner and developer Brookfield Properties for a Costco warehouse and 319 unit housing development. Construction could start as early as this fall 2021.

The Costco warehouse would be approximately 161,000 square feet, including a bakery, pharmacy, optical center, hearing aid testing center, food court, photo center, tire sales and installation center and 10,340 square-foot open air canopy. The warehouse would also come with a 32-pump gas station.

Costco would be on the southern portion of the Newpark Mall, taking the space previously occupied by JC Penney and Burlington Coat Factory, which would be demolished to make room for the warehouse. Approximately 84,000 square feet of space inside the mall would also be removed to accommodate the new Costco building.

The 319 unit apartment building would be six stories, a mixed use project that puts residential levels over the ground floor retail and amenities along Mowry Avenue, near the entrance of the mall. The building would have approximately 3,700 square feet of retail on the ground floor and 12,900 square feet of amenities like a bike shop, clubroom, co-working space, game room and fitness room, plus a pool courtyard and six-and-a-half level parking structure with 506 spaces.

Newark, CA Demographics