Listed by Hanley Investment Group, Cushman & Wakefield - San Jose/Silicon Valley, California
$8,500,000
Value-Add Shops to Premium Outlets
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 69,176
Net Rentable (SqFt) 69,176
NOI $1,590,815
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Built 1995
Acreage 6.250
Ground Lease No
Value-Add Multi-Tenant Retail | Freestanding Former Premium Outlet
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/ValueAdd_Shops_Gilroy
Investment highlights
- Irreplaceable US-101 Visibility with 100,000+ Vehicles Per Day:
- Directly backing US-101, the property delivers billboard-quality freeway exposure to a captive daily audience of commuters, tourists, and pass-through traffic between Silicon Valley and the Central Coast
- Permanent, cost-free signage that cannot be replicated elsewhere in South County
- Ideal Repositioning Canvas for Today’s Retail Demand: The existing multi-tenant shop configuration is well-suited for the retail categories driving leasing activity in today’s market, including fast casual and sit-down dining, health & wellness, fitness, specialty grocery concepts, personal services, and entertainment-oriented uses
- Gilroy’s Growing Residential Base: Population growth along the US-101 corridor, driven by Silicon Valley workers seeking housing affordability, has created a local residential base meaningfully underserved by everyday retail; the property is well-positioned to transition from tourist-oriented outlet use to a community-serving retail destination
- Vacant Delivery Provides Clean Execution from Day One: No existing leases, no TI obligations, no co-tenancy entanglements
- An investor can begin a capital improvement program immediately and build a tenant mix from scratch tailored to current market demand
- Robust Dedicated Parking:
- The dedicated, self-contained parking field operates entirely independently from the adjacent outlet campus, eliminating shared-parking conflicts, overflow complications, and any operational dependency on Simon’s parking infrastructure
- For tenants with high parking-sensitive uses (restaurants, fitness, medical, and personal services) this ratio is a material leasing advantage
Listing Contacts
Listed by Hanley Investment Group, Cushman & Wakefield - San Jose/Silicon Valley, California
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1,590,815.00
$132,567.92/mo
Valuation Metrics
0
DSCR
18.72%
Cap Rate
18.72%
ROI
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