7111 Camino Arroyo DrGilroy, CA 95020

Property Details for 7111 Camino Arroyo Dr

Year built

2004

Lot size

1.03 AC

Property size (Sq ft)

5,900 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ground lease on a 5,900 square foot, single-tenant retail property occupied by Bank of America. Located at 7111 Camino Arroyo Dr, Gilroy, CA 95020, this freestanding building boasts a prominent hard corner location with a dedicated drive-thru lane. The property sits on a 1.03-acre lot within the thriving Pacheco Pass Center, a dominant regional shopping center featuring major national retailers such as Costco, Walmart, Lowe's, and Best Buy. The Bank of America lease is a triple-net (NNN) lease, meaning all property maintenance responsibilities, including roof, structure, parking lot, and general upkeep, fall solely on the tenant. This minimizes landlord responsibilities and ensures a stable, low-maintenance investment. The current lease has a remaining term of 4.3 years, expiring March 25, 2029, and includes four (4) to five (5) year renewal options at fair market value (FMV), with rent increases not less than the prior rent. The property features a 4.80% cap rate and a net operating income (NOI) of $193,800, with an asking price of $4,037,500. Built in 2004, the property is zoned A1-25 and offers significant potential for future uses given its prime location and drive-thru accessibility. The tenant, Bank of America, is credit-rated, providing further assurance of consistent income. This stabilized investment offers a compelling combination of strong tenant occupancy (100%), a favorable lease structure, and a desirable location within a high-traffic retail center.

Location Insight

City

Gilroy

County

Santa Clara

State

California

Latitude

37.0064

Longitude

-121.553

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].