1290 Franklin Mall Santa Clara, CA 95050
Prime location, 100% occupied, strong NOI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- Fully occupied retail center with diverse tenant mix (pizza, tattoo, barber, cleaners) providing stable income.
- High-density location: Over 622,000 residents within a 5-mile radius.
- Low-maintenance ownership: City of Santa Clara handles all landscaping, sidewalks, and common area maintenance.
- Excellent location: Blocks from Santa Clara University (8,600 students).
- Recent capital improvements: New roof and HVAC systems.
- Strong lease terms: Mountain Mike's signed a 10-year extension with a 15% rent increase in 2025; dry cleaners extended their lease for 5 years.
Property Details for 1290 Franklin Mall
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 8,114 SF
- Year Built
- 1976
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 22,216 SF
Location Insight
- City
- Santa Clara
- County
- Santa Clara
- State
- California
- Latitude
- 37.34862667
- Longitude
- -121.9479538
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - Prime location, 100% occupied, strong NOI.
- Where is the lifestyle center located?
- The property is located at 1290 Franklin Mall Santa Clara, CA.
- What is the asking price?
- The asking price for this property is $3,875,000.
- What are key features of this property?
- This property features: Fully occupied retail center with diverse tenant mix (pizza, tattoo, barber, cleaners) providing stable income.; High-density location: Over 622,000 residents within a 5-mile radius.; Low-maintenance ownership: City of Santa Clara handles all landscaping, sidewalks, and common area maintenance.
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