Overview

Highlights

• Silicon Valley Specialty Grocery Anchored Investment Opportunity
• Safety & Security of National Credit Tenants with a Top-Line Grocer
• Long-Term WALT with Limited Rollover
• Strategically Located in One of San Jose’s Main Retail Corridors
• Opportunity to Sell Pending Ground Lease Outparcel
• Affluent Demographics with High Barriers to Entry
• New Buildings with Minimal Additional Capital Outlay Needed
• Dense Infill Location with Historical Vacancy of 1%

Description

Call for Offers: Mar. 25, 2025

Newmark Pacific, as the exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 375 Capitol Square (the “Property”), a Sprouts Farmers Market grocery anchored community center located in Silicon Valley. Comprised of 100,888 square feet and currently 95% leased, the Property is a part of a larger 183,454 square foot community center accompanied by Grocery Outlet (NAP) and Dollar Tree (NAP). 375 Capitol Square is home to a diverse credit enhanced tenant mix including Sprouts Farmers Market, Burlington, Five Below, and Crunch Fitness. This strong tenant base, supported by new long-term leases and a recent property renovation, provides an investor with long-term predictable cash flow with minimal future capital outlay.

Location

Located in Silicon Valley.

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