383 1st St
Gilroy, CA 95020
383 1st Street Gilroy · Retail Property For Sale

6.5 CAP RATE IN SANTA CLARA COUNTY!!! 100% Leased Investment Property. Very trendy upscale restaurant with a new 5 year lease. Over $200k worth of new Tenant Improvements for new kitchen and equipment along with new bar and fixtures. Upstairs is an owner/user office space occupied by the current owner who would like to lease back for 12-18 months at $2,500 per month NNN. Over 30+ parking, this freestanding building is on a hard corner with excellent visibility and exposure. Please do not disturb tenants and call agent to tour building and for financial information for the property. The subject property is located on 1st Street in Gilroy. 1st Street in Gilroy is one of the premier street locations with the majority of traffic flowing to and from highway 101. Also known as Hecker Pass/152. This property is situated right on the corner of 1st Street and Hanna St. which is the major thoroughfare to Santa Cruz, CA. Gilroy is approximately 20 minutes from San Jose, California and less than 1 hour from San Francisco. This up and coming community has one of the biggest Outlet malls in the Bay Area - Gilroy Outlet Mall. Gilroy is scheduled to have a major growth in the next few years with lots of new housing being built along with a brand new high school - check with the city for more details.