Gilroy Crossing Community Center
Retail | 7.20% CAP | 122,413 SqFt
Investment highlights
National Anchor Lineup with Long-Term Tenancy: PetSmart, Michaels, and Barnes & Noble have anchored the center since 2004–2005, consistently driving foot traffic and tenant stability.
New Daiso Lease Demonstrates Ongoing Leasing Momentum: Daiso signed a 10-year lease in 2024 with a 25% rent increase over the prior tenant, reflecting strong demand and market confidence.
Same Store Scarcity & Optimal Anchor Spacing: The center hosts the only PetSmart, Michaels, Daiso, and Barnes & Noble within a 20-mile radius, enhancing its regional draw.
Immediate Lease-Up Opportunity: A 4,800 SF vacancy offers potential to boost NOI by attracting new tenants in a high-traffic, nationally anchored center.
Ranked #1 Within A 25-Minute Drive: Gilroy Crossing ranks in the top 4% of U.S. shopping centers with over 5M annual visitors, adjacent to major retailers like Costco and Walmart.
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