615 Old San Francisco Rd Sunnyvale, CA 94086

This exceptional investment opportunity presents a three-tenant retail strip center ideally situated in Sunnyvale, California. Boasting a prime location in the heart of Silicon Valley, this property offers a compelling value-add proposition. The 4,800 square foot building, constructed in 1969 and extensively renovated in 2023, sits on a 0.4-acre lot with ample parking (22 spaces). Currently, the center enjoys 84% occupancy, anchored by a 7-Eleven with a recently signed 10-year lease extension. Another tenant also recently committed to a new 10-year lease. The property features a prominent monument sign and excellent access to major thoroughfares, including El Camino Real and Highways 101, 280, and 85. The asking price is $4,117,942, representing a 5.25% cap rate and a price per square foot of $857.90. The Net Operating Income (NOI) is $216,192. The property is zoned C1 and offers a fee simple ownership structure. Leases are NNN, with one 5-year lease option available. The remaining lease term on the existing leases is 10.2 years, expiring January 31, 2035. A recently vacated 750 square foot space provides the landlord with co-tenancy optionality. The surrounding area boasts affluent demographics, with average household incomes exceeding $210,000 within a one-mile radius. This property presents a rare opportunity to acquire a well-positioned, high-performing retail asset in one of the most dynamic markets in the country. The property's address is 615 Old San Francisco Rd, Sunnyvale, CA 94086, APN 209-19-019.