2490-2496 W El Camino Real | Mountain View, CA 94040
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- LoopNet Team
2490-2496 W El Camino Real
Mountain View, CA 94040
TROPHY SILICON VALLEY NET-LEASED OPPORTUNITY · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rare Single Tenant Net-Leased Opportunity in the Ground Zero Silicon Valley Location
- Mattress Firm has 6+ years remaining on an original 15-year lease, with two 5-year options at the end of their term
- The Lease Features 10% Rental Increase Every Five Years, including through the option periods
- Exceptional Underlying Real Estate on the Corner of El Camino Real and Showers Drive - one of Silicon Valley’s Preeminent Retail Intersections
- Upcoming Rent Increase in ~18 months That Will Increase the In-place Return by 55bps, from a 5.45% CAP to a 6.00% CAP
- Unparalleled Visibility and Exposure to a Combined Traffic Count of Over 50,000 Vehicles Per Day
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,863 SF
Building Class
C
Year Built/Renovated
1954/2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.33 AC
Zoning
CRA - Commercial/Residential-Arterial
Frontage
87’ on El Camino Real
AMENITIES
- Corner Lot
- Signage
PROPERTY TAXES
| Parcel Number | 148-28-001 | Improvements Assessment | $2,460,703 |
| Land Assessment | $3,827,760 | Total Assessment | $6,288,463 |
PROPERTY TAXES
Parcel Number
148-28-001
Land Assessment
$3,827,760
Improvements Assessment
$2,460,703
Total Assessment
$6,288,463
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