375 N Capitol Ave 100,888 SF 95% Leased Retail Building San Jose, CA 95133 £27,060,702 (£268.23/SF) 6% Net Initial Yield

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INVESTMENT HIGHLIGHTS

Silicon Valley Specialty Grocery Anchored Investment Opportunity.
Long-Term WALT with Limited Rollover.
Opportunity to Sell Pending Ground Lease Outparcel.

Safety & Security of National Credit Tenants with a Top-Line Grocer.
Strategically Located in One of San Jose’s Main Retail Corridors.
New Buildings with Minimal Additional Capital Outlay Needed.

EXECUTIVE SUMMARY

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.

NMRK - 375 Capitol Square Teaser (LQ)

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

100,888 SF

Building Class

Year Built/Renovated

1975/2023

Price

£27,060,702

Price Per SF

£268.23

Net Initial Yield

NOI

£1,623,642

Percent Leased

95%

Tenancy

Multiple

Number of Floors

Loading Docks

3 Exterior

Building FAR

0.29

Lot Size

8.02 AC

Zoning

CG - General Commercial

Parking

310 Spaces (3.07 Spaces per 1,000 SF Leased)

Frontage

543 ft on N Capitol Ave

Bus Route
Commuter Rail

Dedicated Turning Lane
Pylon Sign

Signage

Signalised Junction

Retailer
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Burlington Stores, Inc., is a nationally recognized off-price retailer. The Company is a Fortune 500 company and its common stock is traded on the New York Stock Exchange under the ticker symbol “BURL.” The Company’s stores offer an extensive selection of in-season, fashion-focused merchandise at up to 60% off other retailers' prices, including women’s ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts and coats.

Retailer
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True to its farm-stand heritage, Sprouts offers a unique grocery experience featuring an open layout with fresh produce at the heart of the store. Sprouts inspires wellness naturally with a carefully curated assortment of "better-for-you" products paired with purpose-driven people. The healthy grocer continues to bring the latest in wholesome, innovative products made with lifestyle-friendly ingredients such as organic, plant-based and gluten-free. Headquartered in Phoenix, and one of the largest and fastest growing specialty retailers of fresh, natural and organic food in the United States.