1290 Franklin MallSanta Clara, CA 95050

This exceptional retail investment opportunity presents a fully occupied, four-tenant center totaling 8,114 square feet situated on a 0.51-acre lot in Santa Clara, California. The property, built in 1976 and featuring a single-story building with Downtown Commercial zoning, boasts a diverse tenant mix including a pizza restaurant, tattoo parlor, barber shop, and dry cleaner, all operating under NNN leases. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $230,045, representing a 5.94% cap rate at an asking price of $3,875,000 ($477.57/sq ft). The center benefits from its prime location, just blocks from Santa Clara University, ensuring a consistent customer base of students and local residents. Recent lease extensions, including a 10-year extension with a 15% rent bump in 2025 for one tenant and a 5-year extension for another, demonstrate the tenants' commitment and the property's strong performance. The property also features recent capital improvements, including a new roof and HVAC units. The city maintains all landscaping, sidewalks, and common areas, minimizing management responsibilities. This is a rare opportunity to acquire a stable, high-performing retail investment in a thriving Silicon Valley location. The property is offered fee simple with no ground lease.