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2490-2496 W El Camino Real
Mountain View, CA 94040

$6,535,000 USD

Freestanding For Sale  •  4,863 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 4,863 SF
  • Lot Size 0.33 AC
  • Building Class C
  • Year Built 1954
  • Cap Rate 5.00 %
  • Tenancy Single
  • Zoning CRA
50 Transit Score
91 Walk Score

Highlights

Rare Single Tenant Net-Leased Opportunity in the Ground Zero Silicon Valley Location
Exceptional Underlying Real Estate on the Corner of El Camino Real and Showers Drive - one of Silicon Valley’s Preeminent Retail Intersections
Mattress Firm has 6+ years remaining on an original 15-year lease, with two 5-year options at the end of their term
Upcoming Rent Increase in ~18 months That Will Increase the In-place Return by 50bps, from a 5.00% CAP to a 5.50% CAP
The Lease Features 10% Rental Increase Every Five Years, including through the option periods
Unparalleled Visibility and Exposure to a Combined Traffic Count of Over 50,000 Vehicles Per Day
Cap Rate: 5.00 %

Amenities

  • Corner Lot
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
San Antonio (Caltrain - Caltrain (Caltrain)) 2 min 13 min 0.7 mi
Mountain View (Caltrain - Caltrain (Caltrain)) 7 min - 2.6 mi
AirportDriveWalkDistance
Norman Y Mineta San Jose International 19 min - 12.1 mi
San Francisco International 33 min - 24.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Yuri Sergunin, CCIM 650-701-5590 The S&T Group | Marcus & Millichap
Yuri Sergunin, CCIM 650-701-5590 The S&T Group | Marcus & Millichap