2000 S Bascom Ave
Campbell, CA 95008
Habit Burger & MOD Pizza Leasehold Property · Retail Property For Sale

The subject property is ideally situated in a prominent retail corridor with strong access and visibility at the signalized intersection of South Bascom Avenue (45,927 AADT) and East Campbell Avenue (29,155 AADT) near its junction with Highway 17 (187,000 AADT) in a dense infill location. The site benefits from strong demographics with a population of 583,020 within a five mile radius and a total daytime population of 596,849. Average household income within a five mile radius is $125,724, and median home value within one mile of the location exceeds $776,768. The site is located within a thriving retail corridor neighboring numerous major shopping centers. The property is located kitty-corner to The Pruneyard, with tenants including Trader Joe’s, Marshall’s, Bank of America, Chase Bank, Sports Basement, Outback Steakhouse, Marshall’s, and more. The center was at the heart of a famous U.S. supreme court case establishing the extent of the right to free speech in California, and is now home to the Bay Area field offices of the FBI. The site is located adjacent to Hamilton Shopping Center, anchored by Whole Foods Market, Aaron Brothers Art, and Ross, with additional tenants including dressbarn, Starbucks, Performance Bicycle, See’s Candies, Sprint, Wells Fargo, Yogurtland, and more. Other major tenants neighboring the property include Pet Food Express, Chipotle, Orangetheory Fitness, The Home Depot, Kohl’s, Bed Bath & Beyond, Sherwin Williams, Fry’s Electronics, Staples, Panera Bread, Walgreens, and more. The site additionally neighbors the Campbell Inn, Doubletree, Courtyard by Marriot, and TownePlace Suites. The San Francisco Bay Area region is best known as a hotbed of high-tech innovation, and is home to a plethora of major companies. Fortune 1000 companies headquartered in the region include Adobe, Alphabet Inc, the parent company of Google, Apple, Facebook, Hewlett-Packard, Intel, Cisco, eBay, Applied Materials, Netflix, Oracle, NVIDIA, Tesla, Symantec, Visa, Electronic Arts, Salesforce, Advanced Micro Devices, Agilent Technologies, Intuit, Juniper Networks, KLA Tencor, Lam Research, LSI Logic, Marvell Semiconductors, National Semiconductor, NetApp, VMware, Western Digital Corporation, Xilinx, Yahoo, and more. Other notable companies with significant presence in the region include Amazon.com, Microsoft, LinkedIn, Twitter, Uber, Yelp, Youtube, Asus, Atari, Broadcom, Dell, E*Trade, Fujitsu, IBM, Hitachi, Infosys, Nokia, Panasonic, Paypal, GoPro, Genentech, Charles Schwab Corporation, Gilead Sciences, Groupon, Pixar, Samsung, Siemens, SolarCity, TiVo, Qualcomm, SAP, Sony, Sun Microsystems, Square, Mozilla, McAfee, Logitech, SurveyMonkey, and Zynga. The region benefits from extensive presence of venture capital firms and investors, further fueling the growth and concentration of high-tech startups. Growth in the region has been a boon to real estate and construction, with more than 18 million square feet of new commercial space built in the past three years, more than the previous 13 years combined. 5.4 million square feet of new office space was completed in 2017, with an additional 16.4 million square feet in the development pipeline. Median home prices increased 7.4% in 2017, consistent with multi-year trends, and price increases are exacerbated by high demand and limited available housing stock. Though residential building accelerated in 2017 with 2.4 times as many permits than the preceding year, new residential development remains below target, in part due to limited availability of new development sites.