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This Retail Property is no longer advertised on LoopNet.com.

NEC of E 10th Street and Chestnut Street
Gilroy, CA 95020

Starbucks Ground Lease - Rare 20 Year Lease · Retail Property For Sale

Retail Space California Gilroy NEC of E 10th Street and Chestnut Street, Gilroy, CA 95020

Investment Highlights

  • Best in class, e-commerce resistant tenancy - new 20-year absolute net ground lease with no landlord obligations
  • Strategically located at the foot of the off/on ramp from Highway 101 (over 104K VPD) and strong visibility with 80’ pylon sign
  • Part of the new construction Plaza Allium center featuring popular co-tenants such as Chick-fil-A, Circle K, and the Hyatt Place Hotel (120 keys)
  • Strong inflation protection: Starbucks rent increases 10% every 5 years
  • New double drive-thru site on busy E 10th Street (Hwy 152) with traffic counts over 31,300 VPD
  • Affluent surrounding demographics with an average household income over $146,600 and population over 55,900 within 3 miles of the property

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
2,365 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.96 AC

Amenities

  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru
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  • Listing ID: 30402374

  • Date on Market: 12/19/2023

  • Last Updated:

  • Address: NEC of E 10th Street and Chestnut Street, Gilroy, CA 95020

The Retail Property at NEC of E 10th Street and Chestnut Street, Gilroy, CA 95020 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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