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Bank of America 7111 Camino Arroyo

5,900 SF Retail Building Gilroy, CA 95020 £3,022,109 (£512/SF) 5.10% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Zero Landlord Responsibilities - NNN lease, with tenant maintaining all aspects of the property including roof, structure, parking lot and maintenance
  • Freestanding Building - prominent hard corner location with dedicated drive thru lane
  • Within Pacheco Pass Center - dominate regional shopping center in Gilroy, with Costco, Walmart, Lowe's, Best Buy and many others as cotenants

EXECUTIVE SUMMARY

Bank of America has occupied this site for over 20 years and has four (4) - five (5) year option periods with increases at FMV, not less than prior rent. All aspects of the property, including roof, structure, parking lot and maintenance are the responsibility of the Tenant. Drive-thru location with a variety of future uses possible.

PROPERTY FACTS Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
5,900 SF
Building Class
B
Year Built
2004
Price
£3,022,109
Price Per SF
£512
Net Initial Yield
5.10%
NOI
£154,128
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
1.03 AC
Zoning
A125
Parking
30 Spaces (5.08 Spaces per 1,000 SF Leased)
Frontage
285 ft on Camino Arroyo

AMENITIES

  • Signage
  • Air Conditioning

LINKS

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NEARBY MAJOR RETAILERS

Pho Hoa
Starbucks
Bank of America
L & L Hawaiian Barbecue
Buffalo Wild Wings
The Habit Burger Grill
Mimi's Cafe
Grocery Outlet
Smart & Final

PROPERTY TAXES

Parcel Number 841-18-062 Improvements Assessment £1,705,426
Land Assessment £1,364,341 Total Assessment £3,069,767

PROPERTY TAXES

Parcel Number
841-18-062
Land Assessment
£1,364,341
Improvements Assessment
£1,705,426
Total Assessment
£3,069,767
(408) 453-7419

CONTACTS

  • Listing ID: 33254617

  • Date on Market: 20/09/2024

  • Last Updated:

  • Address: 7111 Camino Arroyo, Gilroy, CA 95020

The Retail Property at 7111 Camino Arroyo, Gilroy, CA 95020 is currently available for sale. Contact CBRE, Inc. for more information.

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The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Bank of America | 7111 Camino Arroyo
(408) 453-7419 x

Bank of America | 7111 Camino Arroyo

1/4

James Kaye

(408) 453-7419

(408) 453-7419

Kyle Kaye

(650) 281-5553

(650) 281-5553

Arthur Flores

(714) 504-0262

(714) 504-0262

Jay Gomez

(831) 325-9847

(831) 325-9847

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