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Investment Highlights

  • National Credit Tenant Lineup
  • Recent Renovation
  • Outparcel Opportunity
  • Grocery Anchor
  • Recent Long-Term Leases
  • Future Upside in Growth - EV Chargers

Executive Summary

A Grocery-Anchored Investment Opportunity in the Heart of Silicon Valley

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
98,519 SF
Building Class
B
Year Built
1975
Price
$33,300,000
Price Per SF
$338.01
Cap Rate
6.04%
NOI
$2,011,851
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.28
Lot Size
8.02 AC
Zoning
CG - General Commercial
Parking
310 Spaces (3.15 Spaces per 1,000 SF Leased)
Frontage
543’ on N Capitol Ave

Amenities

  • Bus Line
  • Commuter Rail
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • Jan 0000

Burlington began in 1972 when Monroe and Henrietta Milstein opened a coat factory outlet in New Jersey. The original store sold branded outerwear at wholesale prices. Over time, the company expanded its merchandise to include clothing, accessories, home goods, and footwear. Burlington grew from a single location into a national chain with numerous stores across multiple states. The company transitioned to public ownership through initial public offerings in 1983 and 2013. Burlington established itself as a major off-price retailer by offering a wide range of products at discounted rates.

  • Retailer
  • -
  • -
  • Jan 0000

Sprouts Farmers Market began in 2002 and built on a family produce heritage that traces back to a single fruit stand in San Diego. The company operates a nationwide grocery business centered on fresh produce, natural and organic foods, and better-for-you products. Store offerings include produce, deli and prepared foods, bakery, bulk items, dairy, meat and seafood, grocery, frozen foods, vitamins, body care, and beer and wine. Sprouts presents an open-layout shopping experience shaped around farm-stand heritage and a curated assortment for everyday grocery shopping.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - Jan 0000
Retailer - - Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 3,000 SF
  • Restaurant
  • Outparcel
  • 30 Days

Brand new development pad available at main entrance with potential for drive thru. 1,200 - 1,300 SF drive-thru or 2,000 - 3,000 SF non- drive.

Space Size Space Use Position Available
1st Floor 3,000 SF Restaurant Outparcel 30 Days

1st Floor

Size
3,000 SF
Space Use
Restaurant
Position
Outparcel
Available
30 Days

1st Floor

Size 3,000 SF
Space Use Restaurant
Position Outparcel
Available 30 Days

Brand new development pad available at main entrance with potential for drive thru. 1,200 - 1,300 SF drive-thru or 2,000 - 3,000 SF non- drive.

Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100

Nearby Major Retailers

Grocery Outlet
24 Hour Fitness
Lee's Sandwiches
Bonchon
Five Guys
Chase Bank
Starbucks
Cardenas
Bank of Montreal
Citi

Property Taxes

Property Taxes

Parcel Number
254-40-013
Land Assessment
$18,571,140
Improvements Assessment
$4,244,832
Total Assessment
$22,815,972
  • Listing ID: 37444007

  • Date on Market: 8/27/2025

  • Last Updated:

  • Address: 375 N Capitol Ave, San Jose, CA 95133

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