McCarthy Ranch Shopping Center
McCarthy Ranch Shopping Center | 100% Leased
Marketing description
CUSHMAN & WAKEFIELD, as exclusive advisor, is pleased to present the opportunity to acquire
McCarthy Ranch Shopping Center (the “Property”), a 100% leased, ±84,735 square foot multi-tenant retail center located in the heart of Milpitas, CA.
The Property is strategically located within the highly trafficked McCarthy Ranch retail corridor, just off the intersection of Interstate 880 and Highway 237, and benefits from its position within a
dominant retail hub comprising over 400,000 square feet of surrounding high-traffic retail.
McCarthy Ranch Shopping Center is anchored by PICKLR, a rapidly expanding indoor pickleball concept with a significant national growth pipeline, and is complemented by a strong mix of fitness, restaurant, and medical concepts including Planet Fitness, HL Peninsula Restaurant, and Gentle Dental.
The Property offers investors a stable, in-place income stream supported by long-term leases, with a weighted average lease term (WALT) of approximately 7.7 years, contractual rent increases, and 100% occupancy.
Investment highlights
- 100% leased with long term leases.
- Anchored by high-growth pickleball concept, PICKLR (43,485 SF), which is one of the fastest growing indoor pickleball franchises with 60+ locations in the US and a pipeline of 500+ locations sold including Canada and Japan.
- Top performing tenants.
- Favorable demographics with average household income is nearly $225,500 within 3-miles and more than $222,000 within 5-miles.
- 7.7-year WALT and 18.4-year fully extended WALT.
- Dominant retail destination with strong traffic.
- Prime Silicon Valley location located at the convergence of Interstate 880 and Highway 237, one of the region’s most heavily trafficked retail corridors.
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