Cap Rate: 5.15%
Net Operating Income: $159,500
Square Footage: 6,752
Lot Size: 1.04 AC
Year Built: 2017
The Kase Group is pleased to present Buffalo Wild Wings in Gilroy, CA. The absolute NNN lease calls for zero landlord obligations. There are rental increases of 10% every 5 years during the initial lease term and at each of the four, 5 year options. The property is located on a major commercial thoroughfare and is an outparcel to Target and Kohl’s. Other neighboring retailers include Lowe’s Home Improvement, Costco, Walmart Supercenter, and Best Buy.
Gilroy is a city in Northern California’s Santa Clara County, south of Morgan Hill and north of San Benito County. The city’s population was 48,821 at the 2010 United States Census.
Gilroy is approximately 26 km (16 mi) south of San Jose, California on U.S. Route 101 and 19 mi inland from the Pacific Coast. Despite its apparent close proximity to San Jose, it is important to note that Gilroy City Hall lies at a distance of 33.3 miles from San Jose City Hall. Lying in a southern extension of the Santa Clara Valley at an elevation of about 61 m (200 ft) above MSL, it is bounded by the Santa Cruz Mountains to the west and the Diablo Range to the east.