INVESTMENT SUMMARY:
• SALE PRICE: $9,000,000
• NET OPERATING INCOME: $462,918 (*)(**)
• CAP RATE: 5.14%
• TOTAL BUILDING SIZE: ±13,639 SF
• TOTAL LAND AREA: ±1.01 Acres ( ±44,008 SF)
• OCCUPANCY: Stable Occupancy History; 100% Leased to Five (5) Tenants
• ANCHOR: Walgreens (***)
(*) Includes new lease with Domino’s Pizza for Suite D. Rent commences upon earlier of August 16, 2026,
or open for business.
(**) Includes Sola Salon’s rent increase scheduled for August 1, 2026.
(***) Walgreens is owned separately and not a part of the sale.
HIGHLIGHTS:
• Exceptional Demographics: There are over 160,000 residents within a 3-mile
radius, and over 214,000 residents within a 10 minute drive, with the median
household income within a 1-mile radius of approximately $161,000.
• High Traffic Count: S. El Camino Real/42nd Avenue: 24.4K S. El Camino
Real/36th Avenue: 37.7K
• Visibility: Over 114’ feet of visibility along El Camino Real
• Zoning: C3-1/R4 which allow for both Regional/Community Commercial uses
as well as High Density Residential uses. (Buyer has opportunity to pursue
redevelopment if owner of the Walgreens parcel agrees to terminate
Reciprocal Easement Agreement which is for the common areas including
parking lot and driveways.)
• General Plan: Mixed Use-Medium I, which is intended to support buildings
3-5 stories in height, up to 36-50 dwelling units per acre.
• Parking: ±4.25/1,000 SF;
• Year Built: 1990;
• Accessibility: 1 Mile to Hillsdale Caltrain Station, and 1.3 Miles to Belmont
Caltrain Station
• Highway 101 Proximity & Access;
• APN: 042-241-180