128 Ranch Dr Milpitas, CA 95035
For Sale
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CUSHMAN & WAKEFIELD , as exclusive advisor, is pleased to present the opportunity to acquire McCarthy Ranch Shopping Center (the “Property”), a 100% leased, ±84,735 square foot multi-tenant retail center located in the heart of Milpitas, CA. The Property is strategically located within the highly trafficked McCarthy Ranch retail corridor, just off the intersection of Interstate 880 and Highway 237, and benefits from its position within a dominant retail hub comprising over 400,000 square feet of surrounding high-traffic retail. McCarthy Ranch Shopping Center is anchored by PICKLR, a rapidly expanding indoor pickleball concept with a significant national growth pipeline, and is complemented by a strong mix of fitness, restaurant, and medical concepts including Planet Fitness, HL Peninsula Restaurant, and Gentle Dental. The Property offers investors a stable, in-place income stream supported by long-term leases, with a weighted average lease term (WALT) of approximately 7.7 years, contractual rent increases, and 100% occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.