393 10th St
Gilroy, CA 95020
2nd Gen QSR w/ Drive-Thru | Gilroy, CA · Retail Property For Sale

Matthews Real Estate Investment Services, in collaboration with Marcus & Millichap, is pleased to present the exclusive listing of a 2nd-generation drive-thru QSR located at 393 E 10th Street in Gilroy, California. Offered at $1,950,000, this ±2,588 SF freestanding restaurant sits on ±0.59 acres at a rare hard signalized corner parcel and will be delivered vacant at close of escrow. The vacancy provides owner-users, franchisees, or investors the flexibility to immediately occupy, rebrand, or reposition the property without existing lease constraints. Built in 1985 and remodeled in 2017, the building features modern restaurant improvements including an existing drive-thru, a highly functional site layout, and multiple points of ingress/egress designed to support efficient operations and high customer volumes.
The property is positioned along E 10th Street (±29,646 VPD) in the heart of Gilroy's primary retail trade area, with convenient access to U.S. Highway 101 (±72,736 VPD) and State Route 152. Corridor neighbors include Chick-fil-A, McDonald's, Starbucks, Circle K, Grocery Outlet, and Taco Bell. The broader trade area is anchored by Gilroy Premium Outlets (top 93% of outlets nationwide), Walmart Supercenter, Costco, Target, Best Buy, and Home Depot. The 3-mile trade area holds 56,325 residents with an average household income of $171,220, supported by nearby demand drivers including Gavilan College (6,083 students), Gilroy High School (1,546 students), and Kaiser Permanente. Gilroy's position as the southern gateway to Silicon Valley, combined with continued residential growth and ongoing commercial investment, reinforces the long-term real estate fundamentals of this location.