PROPERTY OVERVIEW
- Size. ±16,352 SF (former Walgreens / ±8,646 SF – 1st Floor; ±7,706 SF basement)
- Opportunity. below market rent + long-term sublease (10/31/35)
- Location. Former Walgreens in the heart of downtown Palo Alto
- University Ave & Bryant. Nearby tenants include JP Morgan Private Bank, Restoration Hardware, Apple Store, Wells Fargo, CVS, West Elm, Fidelity Investments & Whole Foods
- Signalized Intersection. ±11,000 VPD
- Zoning. CD-C (GF)(P), Palo Alto
SUB-LEASE TERMS
- SUGGESTED RENT* $450,000 / year (inclusive of RET; R&M, insurance, utilities separate)
- MINIMUM TERM 10 years; maximum term 10/31/35
- DELIVERY “As-Is”
- OFFERS EVALUATED AS RECEIVED
*Price + terms, along with all offers, are subject to approval of Walgreen Co.’s Real Estate Committee
