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Bank of America 7111 Camino Arroyo

5,900 SF Retail Building Gilroy, CA 95020 $4,037,500 ($684/SF) 4.80% Cap Rate

Banks California Gilroy 7111 Camino Arroyo, Gilroy, CA 95020

Investment Highlights

  • Zero Landlord Responsibilities - NNN lease, with tenant maintaining all aspects of the property including roof, structure, parking lot and maintenance
  • Freestanding Building - prominent hard corner location with dedicated drive thru lane
  • Within Pacheco Pass Center - dominate regional shopping center in Gilroy, with Costco, Walmart, Lowe's, Best Buy and many others as cotenants

Executive Summary

Bank of America has occupied this site for over 20 years and has four (4) - five (5) year option periods with increases at FMV, not less than prior rent. All aspects of the property, including roof, structure, parking lot and maintenance are the responsibility of the Tenant. Drive-thru location with a variety of future uses possible.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
5,900 SF
Building Class
B
Year Built
2004
Price
$4,037,500
Price Per SF
$684
Cap Rate
4.80%
NOI
$193,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Land Acres
1.03 AC
Zoning
A125
Parking
30 Spaces (5.08 Spaces per 1,000 SF Leased)
Frontage
285 FT on Camino Arroyo

Amenities

  • Signage

Links

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PROPERTY TAXES

Parcel Number 841-18-062 Improvements Assessment $2,144,403
Land Assessment $1,715,522 Total Assessment $3,859,925

PROPERTY TAXES

Parcel Number
841-18-062
Land Assessment
$1,715,522
Improvements Assessment
$2,144,403
Total Assessment
$3,859,925
(408) 453-7419

  • Listing ID: 33254617

  • Date on Market: 9/20/2024

  • Last Updated:

  • Address: 7111 Camino Arroyo, Gilroy, CA 95020

More public record information on 7111 Camino Arroyo, Gilroy, CA 95020

The Retail Property at 7111 Camino Arroyo, Gilroy, CA 95020 is currently available For Sale. Contact CBRE, Inc. for more information.

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Bank of America | 7111 Camino Arroyo
(408) 453-7419 x

Bank of America | 7111 Camino Arroyo

1/4

James Kaye

(408) 453-7419

(408) 453-7419

Kyle Kaye

(408) 790-5417

(408) 790-5417

Arthur Flores

(949) 725-8625

(949) 725-8625

Jay Gomez

(831) 325-9847

(831) 325-9847

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