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- LoopNet Team
2000 S Bascom Ave
Campbell, CA 95008
Habit Burger & Mod Pizza Leasehold · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
ABOUT 2000 S BASCOM AVE , CAMPBELL, CA 95008
The offering is a two-tenant retail strip center leasehold interest in the heart of Silicon Valley. The two nationally branded corporate tenants, The Habit Burger Grill and MOD Pizza, are on long-term leases, with increases and options to extend. Occupancy of the parcel is subject to an underlying ground lease at a below market rate, with a right of first offer to purchase the land, should the ground owner elect to sell. The rent paid by the tenants is replaceable in today's market, and out-paces the ground lease in terms of rental growth, providing income upside as well as significant depreciation potential. The subject property is located across the street from the Pruneyard, a renowned shopping, dining, and entertainment center attracting people from all over Silicon Valley. Premium, high-cost materials were used in the ground-up construction of the building, which was completed in 2016. The property is located in an affluent, highly trafficked area of Silicon Valley.
PROPERTY TAXES
| Parcel Number | 288-08-080 | Improvements Assessment | $612,000 |
| Land Assessment | $3,366,000 | Total Assessment | $3,978,000 |
PROPERTY TAXES
