nwc i-880 & hwy 237 + milpitas€¦ · ca re license #01746896 ±18,000 square feet available...

12
Matt Sweeney + Managing Director 408.987.4119 [email protected] CA RE License #01746896 ±18,000 square feet available ±20,250 square feet available 2 Retail Anchor Spaces Available: Former DSW Former Michael’s NWC I-880 & HWY 237 + MILPITAS

Upload: others

Post on 08-Oct-2020

0 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: NWC I-880 & HWY 237 + MILPITAS€¦ · CA RE License #01746896 ±18,000 square feet available ±20,250 ... Ashley Home Furniture. + Rare existing major retail space available for

Matt Sweeney +Managing [email protected] RE License #01746896

±18,000 square feet available

±20,250 square feet available

2 Retail Anchor Spaces Available:

Former DSWFormer Michael’s

NWC I-880 & HWY 237 + MILPITAS

Page 2: NWC I-880 & HWY 237 + MILPITAS€¦ · CA RE License #01746896 ±18,000 square feet available ±20,250 ... Ashley Home Furniture. + Rare existing major retail space available for

NEWMARK CORNISH & CAREY - RETAIL

Project highlights +

02

was built in 1995 and was one of the original power cen-ters built in the South Bay (Silicon Valley). The Shop-ping Center is located at the convergence of two of the region’s major freeways. Interstate 880 and Highway 237. The center consists of 265,830 square feet of retail space along with Wal-Mart and a newly opened (2015) Wal-Mart neighborhood market. Existing major tenants include Best Buy, Ross, PetSmart, Dollar Tree, Michaels, and Ashley Home Furniture.

+ Rare existing major retail space available for immediate

occupancy

+ Fortune Magazine (2015) ranks Milpitas as the number

8 fastest growing city in America

+ Strong demographics

• Average Household Income is $117,454 within 5

mile radius

• Population

5 mile Radius 261,829

10 Minute drive time 529,445

• Daytime population

5 miles 421,437

10 minute drive time 654,927

• Population Growth

• Milpitas:

4,525 Units Approved, 2,228 Units

Pending, 1,706 Units Pre-Application

• North San Jose:

29,000 planned housing units with 3,200 rental

• Traffic Counts

I-880: ±205,000 ADT

Hwy 237: ±130,000 ADT

+ Project highlights

MCCARTHY RANCH

Page 3: NWC I-880 & HWY 237 + MILPITAS€¦ · CA RE License #01746896 ±18,000 square feet available ±20,250 ... Ashley Home Furniture. + Rare existing major retail space available for

NEWMARK KNIGHT FRANK 03

ALAMO

BLACKHAWKCAMINO TASSAJARA

DIABLO

RICHMOND

EL CERRITO

MORAGA

ORINDA

HILL

SAN RAMON

WALNUTCREEK

BELVEDERE

CORTEMADERA

SAUSALITO

STRAWBERRY

SAN FRANCISCO

PALO ALTO

BELMONT

BRISBANEDALYCITY

EASTPALO ALTO

EL GRANADA

HALFMOON BAY

SAN MATEO

MILLBRAE

MONTARA

PACIFICA

PORTOLAVALLEY

REDWOODCITY

SOUTH SAN FRANCISCO

WOODSIDE

CAMPBELL

CUPERTINO

LOS ALTOS

LOS GATOS

MILPITAS

MOUNTAINVIEW

SAN JOSE

SANTACLARA

SARATOGA

SUNNYVALE

ALAMEDA

BERKELEY

CASTROVALLEY

DUBLIN

EMERYVILLE

FREMONT

HAYWARD

LIVERMORE

OAKLAND

PIEDMONT

PLEASANTON

SANLEANDRO

SUNOL

UNION CITY

Bay area map +

Major Tenant Space

AVAILABLENwv I-880 & Hwy 237 / Milpitas

Bay area map +

Page 4: NWC I-880 & HWY 237 + MILPITAS€¦ · CA RE License #01746896 ±18,000 square feet available ±20,250 ... Ashley Home Furniture. + Rare existing major retail space available for

NEWMARK KNIGHT FRANK 04

Close up aerial +

205,000 ADT

130,000 ADT

33,330 A

DT

35,050 ADT

11,0

57 A

DT

24,646 ADT

McC

arth

y Blv

d

N McCarthy Blvd

Ranch D

r

Technology Dr

Bellew Dr

Barbe

r Ln

205,000 ADT

130,000 ADT

33,330 A

DT

35,050 ADT

11,0

57 A

DT

24,646 ADT

McC

arth

y Blv

d

N McCarthy Blvd

Ranch D

r

Technology Dr

Bellew Dr

Barbe

r Ln

Close up aerial +

Page 5: NWC I-880 & HWY 237 + MILPITAS€¦ · CA RE License #01746896 ±18,000 square feet available ±20,250 ... Ashley Home Furniture. + Rare existing major retail space available for

NEWMARK KNIGHT FRANK 05

Competition map +

SANTA CLARA SQUARE(under construction)

MILPITAS TOWN CENTER

PACIFIC COMMONS/THE BLOCK

GREAT MALL

@ FIRST RETAIL

MERCADO

RELATED SANTA CLARA(Future Development)

RIVERMARK VILLAGE

SPROUTS @ BROKAW

Gre

at A

me

rica

Pk

wy

Lick Mill B lvd

Lafayette St

Agnew Rd N 1st St

Montague Expy

Trimble R

d

Hostette

r Rd

yp

xE

ec

ner

wa

L

Zanker R

d

Ma

in S

t

tS

le

bA

N

tS

le

bA

S

Warm

Springs B

lvd

Calaveras Blvd

Jacklin Rd

Warren Ave

Auto Mall Pkwy

S Grimmer Blvd

Fre

mo

nt

Blv

d

Cushing Pkwy

McC

art

h y B

lvd

Tasman Dr

N Capitol Ave

Ma

thil

da

Ave N

Wo

lfe

Rd

E Duane Ave

Steward Dr

E Arques Ave

E Caribbean Dr

Java Dr

evA

yd

nu

L

Sierra Rd

Milpitas B

lvd

Park Victoria D

r

Yosemite Dr

Landess Ave

Cropley Ave

Piedm

ont Rd

Murphy R

d Penite ncia Creek R d

20

5,0

00

AD

T

178,000 ADT

140,000 ADT130,000 ADT

130,000 AD

T

164

,00

0 AD

T

183,000 ADT

50,835 ADT

Gre

at A

me

rica

Pk

wy

Lick Mill B lvd

Lafayette St

Agnew Rd N 1st St

Montague Expy

Trimble R

d

Hostette

r Rd

yp

xE

ec

ner

wa

L

Zanker R

d

Ma

in S

t

tS

le

bA

N

tS

le

bA

S

Warm

Springs B

lvd

Calaveras Blvd

Jacklin Rd

Warren Ave

Auto Mall Pkwy

S Grimmer Blvd

Fre

mo

nt

Blv

d

Cushing Pkwy

McC

art

h y B

lvd

Tasman Dr

N Capitol Ave

Ma

thil

da

Ave N

Wo

lfe

Rd

E Duane Ave

Steward Dr

E Arques Ave

E Caribbean Dr

Java Dr

evA

yd

nu

L

Sierra Rd

Milpitas B

lvd

Park Victoria D

r

Yosemite Dr

Landess Ave

Cropley Ave

Piedm

ont Rd

Murphy R

d Penite ncia Creek R d

20

5,0

00

AD

T

178,000 ADT

140,000 ADT130,000 ADT

130,000 AD

T

164

,00

0 AD

T

183,000 ADT

50,835 ADT

Competition m

ap +

Page 6: NWC I-880 & HWY 237 + MILPITAS€¦ · CA RE License #01746896 ±18,000 square feet available ±20,250 ... Ashley Home Furniture. + Rare existing major retail space available for

NEWMARK KNIGHT FRANK 06

Groceries map +

MILPITAS TOWN CENTER

PACIFIC COMMONS/THE BLOCK

SPROUTS @ BROKAW

MERCADO

RIVERMARK VILLAGE

SANTA CLARA SQUARE(under construction)

NORTH PARK PLAZA

CALAVERAS PLAZASHOPPING CENTER

MARINAGROCERY

OCEAN SUPERMARKET

Gre

at A

me

rica

Pk

wy

Lick Mill B lvd

Lafayette St

Agnew Rd N 1st St

Montague Expy

Trimble R

d

Hostette

r Rd

yp

xE

ec

ner

wa

L

Zanker R

d

Ma

in S

t

tS

le

bA

N

tS

le

bA

S

Warm

Springs B

lvd

Calaveras Blvd

Jacklin Rd

Warren Ave

Auto Mall Pkwy

S Grimmer Blvd

Fre

mo

nt

Blv

d

Cushing Pkwy

McC

art

h y B

lvd

Tasman Dr

N Capitol Ave

Ma

thil

da

Ave N

Wo

lfe

Rd

E Duane Ave

Steward Dr

E Arques Ave

E Caribbean Dr

Java Dr

evA

yd

nu

L

Sierra Rd

Milpitas B

lvd

Park Victoria D

r

Yosemite Dr

Landess Ave

Cropley Ave

Piedm

ont Rd

Murphy R

d Penite ncia Creek R d

20

5,0

00

AD

T

178,000 ADT

140,000 ADT130,000 ADT

130,000 AD

T

164

,00

0 AD

T

183,000 ADT

50,835 ADT

Gre

at A

me

rica

Pk

wy

Lick Mill B lvd

Lafayette St

Agnew Rd N 1st St

Montague Expy

Trimble R

d

Hostette

r Rd

yp

xE

ec

ner

wa

L

Zanker R

d

Ma

in S

t

tS

le

bA

N

tS

le

bA

S

Warm

Springs B

lvd

Calaveras Blvd

Jacklin Rd

Warren Ave

Auto Mall Pkwy

S Grimmer Blvd

Fre

mo

nt

Blv

d

Cushing Pkwy

McC

art

h y B

lvd

Tasman Dr

N Capitol Ave

Ma

thil

da

Ave N

Wo

lfe

Rd

E Duane Ave

Steward Dr

E Arques Ave

E Caribbean Dr

Java Dr

evA

yd

nu

L

Sierra Rd

Milpitas B

lvd

Park Victoria D

r

Yosemite Dr

Landess Ave

Cropley Ave

Piedm

ont Rd

Murphy R

d Penite ncia Creek R d

20

5,0

00

AD

T

178,000 ADT

140,000 ADT130,000 ADT

130,000 AD

T

164

,00

0 AD

T

183,000 ADT

50,835 ADT

Groceries map +

Page 7: NWC I-880 & HWY 237 + MILPITAS€¦ · CA RE License #01746896 ±18,000 square feet available ±20,250 ... Ashley Home Furniture. + Rare existing major retail space available for

NEWMARK KNIGHT FRANK 07

Site plan +

Space 136: ±18,000 SF

Space 158: ±20,250 SF

2 Retail Anchor Spaces Available:

SITE BOUNDARY

183185

179

181

139137

135133

131

127

125

Bank of AmercaATM

RANCH DRIVE

NIMITZ FREEWAY

MCCARTHY BLVD

880

To Southbay Freeway 237

6351,250 sf

15 & 1746,000 sf

111A31,610 sf

15323,780 sf

17525,416 sf

23927,000 sf

25111,000 sf

= Available

Site plan +

+18,000 SF

Space 136

+20,250 SF

Space 158

Page 8: NWC I-880 & HWY 237 + MILPITAS€¦ · CA RE License #01746896 ±18,000 square feet available ±20,250 ... Ashley Home Furniture. + Rare existing major retail space available for

NEWMARK KNIGHT FRANK 08

136 Ranch Drive +

Major Tenant Space Available

18,000 SFNwv I-880 & Hwy 237 / Milpitas

Freeway Visible Pylon Signage Available

136 Ranch D

rive +

Page 9: NWC I-880 & HWY 237 + MILPITAS€¦ · CA RE License #01746896 ±18,000 square feet available ±20,250 ... Ashley Home Furniture. + Rare existing major retail space available for

NEWMARK KNIGHT FRANK 09

158 Ranch Drive +

Major Tenant Space Available

20,250 SFNwv I-880 & Hwy 237 / Milpitas

Freeway Visible Pylon Signage Available

158 Ranch D

rive +

Page 10: NWC I-880 & HWY 237 + MILPITAS€¦ · CA RE License #01746896 ±18,000 square feet available ±20,250 ... Ashley Home Furniture. + Rare existing major retail space available for

NEWMARK KNIGHT FRANK 010

Mileage map +DEMOGRAPHICS (2015) 1 MILE 3 MILES 5 MILES

2015 Total Population 11,725 139,738 261,829

2020 Total Population 12,599 152,625 285,355

Total Daytime Population 14,608 243,824 421,437

Total Employees 10,210 205,333 347,906

Median Age Total Population 35.1 35.3 36.4

Total Households 2,826 45,570 83,604

Total Occupied Housing Units 2,826 45,570 83,604

Total Owner Occupied Housing Units 1,831 22,272 47,868

Total % Owner Occupied Housing Units 64.8% 48.9% 57.3%

Average Household Income $114,850 $121,280 $117,454

Median Household Income $110,589 $109,384 $105,718

Per Capita Income $31,401 $39,904 $37,718

Pop 25 yrs + 4+ yrs College 3,305 51,699 90,784

% Pop 25 yrs + 4+ yrs College 39.8% 52.4% 49.3%

% White Collar Occupations 65.0% 71.0% 69.6%

% Blue Collar Occupations 35.0% 29.0% 30.4%

Average Household Size 3.2 3.0 3.1

237

87

85

82

880

680

101

ALUM ROCK

MILPITAS

MOUNTAINVIEW

SANTA CLARA

SUNNYVALE

SAN JOSE

ALUM ROCK

MILPITAS

MOUNTAINVIEW

SANTA CLARA

SUNNYVALE

SAN JOSE

5 Miles 3 Miles 1 Miles

Mileage m

ap +

MAJOR LOCAL CORPORATIONS:

Page 11: NWC I-880 & HWY 237 + MILPITAS€¦ · CA RE License #01746896 ±18,000 square feet available ±20,250 ... Ashley Home Furniture. + Rare existing major retail space available for

NEWMARK KNIGHT FRANK 011

Drivetime map +

237

87

85

82

880

680

101

ALUM ROCK

MILPITAS

MOUNTAINVIEW

SANTA CLARA

SUNNYVALE

SAN JOSE

ALUM ROCK

MILPITAS

MOUNTAINVIEW

SANTA CLARA

SUNNYVALE

SAN JOSE

5 Min.

7 Min.

10 Min.

Commute Drive Times

McCarthy RanchMarketplaceMilpitas

DEMOGRAPHICS (2015) 5 MINUTES 7 MINUTES 10 MINUTES

2015 Total Population 110,737 215,669 529,445

2020 Total Population 120,847 235,054 576,642

Total Daytime Population 214,084 356,167 654,927

Total Employees 183,371 296,057 503,975

Median Age Total Population 35.2 35.8 35.3

Total Households 36,138 70,061 172,676

Total Occupied Housing Units 36,138 70,061 172,676

Total Owner Occupied Housing Units 17,226 38,531 87,783

Total % Owner Occupied Housing Units 47.7% 55.0% 50.8%

Average Household Income $119,264 $117,203 $107,421

Median Household Income $108,883 $105,480 $93,515

Per Capita Income $39,347 $38,441 $35,311

Pop 25 yrs + 4+ yrs College 40,936 75,887 163,285

% Pop 25 yrs + 4+ yrs College 52.3% 49.8% 45.0%

% White Collar Occupations 69.9% 70.5% 66.5%

% Blue Collar Occupations 30.1% 29.5% 33.5%

Average Household Size 3.0 3.0 3.0

Drivetim

e map +

MAJOR LOCAL CORPORATIONS:

Page 12: NWC I-880 & HWY 237 + MILPITAS€¦ · CA RE License #01746896 ±18,000 square feet available ±20,250 ... Ashley Home Furniture. + Rare existing major retail space available for

The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Newmark Knight Frank, 2804 Mission College Blvd, Suite 120, Santa Clara, CA 95054 | 08-0631•05/18

Matt Sweeney +Managing [email protected] RE License #01746896