NEC of E 10th Street and Chestnut Street
Gilroy, CA 95020
Starbucks Ground Lease - Rare 20 Year Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Best in class, e-commerce resistant tenancy - new 20-year absolute net ground lease with no landlord obligations
- Strategically located at the foot of the off/on ramp from Highway 101 (over 104K VPD) and strong visibility with 80’ pylon sign
- Part of the new construction Plaza Allium center featuring popular co-tenants such as Chick-fil-A, Circle K, and the Hyatt Place Hotel (120 keys)
- Strong inflation protection: Starbucks rent increases 10% every 5 years
- New double drive-thru site on busy E 10th Street (Hwy 152) with traffic counts over 31,300 VPD
- Affluent surrounding demographics with an average household income over $146,600 and population over 55,900 within 3 miles of the property
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,365 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.96 AC
AMENITIES
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 841-66-036 | Improvements Assessment | $0 |
| Land Assessment | $2,679,853 | Total Assessment | $2,679,853 |
