New 20 Year NNN Lease

Essential CRE is pleased to present the opportunity to acquire a trophy single tenant McDonalds, a generational asset located at 797 1st Street - Gilroy, CA (Santa Clara county). The subject property is 2,866 square feet and resides on a .78 acre outparcel to Town Place Shopping Center anchored by Nob Hill Foods. The site benefits from strategic positioning on a hard corner signalized intersection providing customers convenient accessibility from both 1st Street & Wren Avenue. Recent renovations include an exterior facelift, footprint expansion and new signage. Surrounding retailers include Walgreens, CVS, Big 5, Starbucks and Anytime Fitness.

McDonald's (NYSE: MCD) is Ranked #169 on the Fortune 500 List, “BBB+” by S&P’s Investment Grade Credit Rating with Revenue Exceeding $23.1 Billion.
Strategically Positioned on Hard Corner Signalized Intersection; Outparcel Nob Hill Foods Anchored Grocery Center
Landlord Favorable Absolute NNN Lease Structure with 13% Increases Every 5 Years; Excellent Hedge Against Inflation
New 10-Year Lease with Major Exterior and Interior Renovations Demonstrating Long Term Commitment to this Location

Gilroy is a city located in Santa Clara County, California. It is situated in the southern part of the county, approximately 30 miles southeast of San Jose. Gilroy is often referred to as the "Garlic Capital of the World" due to its long history of garlic production. The city hosts the annual Gilroy Garlic Festival, a popular event that attracts visitors from around the region. The festival celebrates garlic with various food offerings, live entertainment, and family friendly activities. The region is also known for growing other crops such as mushrooms, flowers, and various fruits and vegetables. In addition to agriculture, Gilroy has a diverse economy that includes retail, manufacturing, and services. The city is strategically located along major transportation routes, contributing to its economic activity.