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Executive Summary

McCarthy Ranch Shopping Center
128-158 Ranch Dr
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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
75,803 SF
Building Class
C
Year Built
1996
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
5 Exterior
Building FAR
0.21
Lot Size
8.47 AC
Zoning
C2
Parking
360 Spaces (4.75 Spaces per 1,000 SF Leased)
Frontage
965’ on Ranch Dr

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Food Court
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -
  • Jan 0000

HL Peninsula operates a group of Cantonese restaurants in California’s Bay Area, specializing in dim sum, seafood, and banquet services. The company is part of H.L. Peninsula Catering Group, founded by Chef Li Yongzhou, which began its operations in China before expanding internationally. The brand emphasizes traditional Cantonese cuisine while incorporating modern facilities for large gatherings.

  • Arts, Entertainment, and Recreation
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

The Picklr, founded in 2021, is an indoor pickleball franchise headquartered in Kaysville, Utah. The company provides a range of services including court rentals, training programs, leagues, and tournaments, catering to players of all skill levels. Positioned within the health, wellness, and fitness industry, The Picklr has expanded its presence through a franchise model to meet the growing demand for indoor pickleball facilities. In addition to its physical locations, the company operates e-commerce platforms such as The Picklr Shop and Stack Athletics, offering pickleball equipment and apparel. The Picklr has also formed strategic partnerships, including an affiliation with Major League Pickleball, to strengthen its brand within the sport’s rapidly expanding market. The company remains privately held and continues to focus on creating community-driven spaces for pickleball enthusiasts.

  • Arts, Entertainment, and Recreation
  • -
  • -
  • -
  • Jan 0000

Planet Fitness began in 1992 when Michael and Marc Grondahl bought a failing Gold's Gym in Dover, New Hampshire. The company created a welcoming environment for casual exercisers with its Judgement Free Zone concept. Planet Fitness grew rapidly through franchising, becoming one of the largest fitness chains globally. The business model focuses on affordability and accessibility with low membership fees. The company provides cardio and strength equipment, free fitness training, and various membership options. Planet Fitness operates thousands of locations worldwide.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Accommodation and Food Services - - - Jan 0000
Arts, Entertainment, and Recreation - - Lorem Ipsum Jan 0000
Arts, Entertainment, and Recreation - - - Jan 0000
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100

Nearby Major Retailers

The Little Gym
Starbucks
Romano's Macaroni Grill
L & L Hawaiian Barbecue
Charles Schwab
Bank of America
Loving Hut
Denny's
99 Ranch Market
East West Bank

Property Taxes

Property Taxes

Parcel Number
022-54-009
Land Assessment
$6,026,249
Improvements Assessment
$13,192,607
Total Assessment
$19,218,856
  • Listing ID: 40942491

  • Date on Market: 6/16/2026

  • Last Updated:

  • Address: 120-158 Ranch Dr, Milpitas, CA 95035

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