1266-1290 Franklin St - Storefront Retail/Office FOR SALE


Santa Clara, CA 95050
$3,875,000 USD
206-826-5730
1266-1290 Franklin St, Santa Clara, CA for Sale
$3,875,000 USD
Storefront Retail/Office - FOR SALE
1/16
null | 5.69% Cap Rate

1266-1290 Franklin St
Santa Clara, CA 95050


HIGHLIGHTS

  • 100% Occupied Retail Center with Service Oriented Tenant Mix – Pizza, Tattoo, Barber and Cleaners Offer Stable and Diversified Income Stream
  • Franklin Mall Located in High Population Density Market – Over 622,000 Residents Within 5 Miles of Subject Property
  • Passive Management Structure – City of Santa Clara Maintains All Landscaping, Sidewalks and Common Areas within the Development
  • Located Within Blocks of Santa Clara University – 8,600 Students Enrolled
  • Recent Capital Improvements to Building Include New Roof and New HVAC Units
  • Franklin Cleaners Recently Executed 5 Year Extension - Adjusted to NNN Lease Structure Allowing Tax/Insurance Recapture

OVERVIEW

Marcus & Millichap is proud to offer for sale fee simple ownership of 1290 Franklin Mall located in Santa Clara, California, situated just blocks from Santa Clara University. The four-tenant retail center is offered to investors fully occupied and providing a steady diversified income stream from various service-oriented tenants. Mountain Mike’s Pizza, Vampire Battle Mansion Tattoo and Piercing, Sam and Roy’s Barber, and Franklin Cleaners all have noteworthy track records of operating at Franklin Mall, catering to their customer base of local residents and university students. Franklin Mall spans just over 8,000 square feet and is made up of four suites with all tenants operating on passive lease structures. Santa Clara, California is located in the heart of the Silicon Valley, home to almost 4 million residents. Santa Clara has the oldest university in California in Santa Clara University with enrollment over 8,600 students. Santa Clara is also home to the San Francisco 49ers at Levi’s Stadium and California’s Great America Amusement Park, which spans 112 acres and has operated since 1976. Companies headquartered in Santa Clara include Advanced Micro Devices, Agilent Technologies, Applied Materials, Arista Networks, Chegg, Intel, McAfee, Nvidia, OmniVision Technologies and Veritas Technologies. Santa Clara also owns and operates Silicon Valley Power, an electric utility serving over 55,000 residences. The average household income in Santa Clara exceeds $140,000.

FOR SALE DETAILS

PRICE

$3,875,000 USD

PRICE/SF

$478 USD /SF

CAP RATE

5.69%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Santa Clara Retail Center Blocks from Campus

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

CD, Santa Clara

APN/PARCEL ID

269-22-108

ASK ABOUT THIS PROPERTY

Hank WolferMarcus & MillichapMore Info
206-826-5730

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Hank WolferMarcus & MillichapMore Info
206-826-5730

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.