375 N Capitol Ave · San Jose, CA 95133 · Dollar / Discount
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National Credit Tenant Lineup
Grocery Anchor
Recent Renovation
Recent Long-Term Leases
Outparcel Opportunity
Future Upside in Growth - EV Chargers
Prime Location
Robust Demographics
Strategic Silicon Valley Positioning
Affluent Submarket
The Northmarq National Shopping Center Group, as the exclusive advisor, is pleased to present the opportunity to acquire 375 Capitol Square (the “Property”), a grocery anchored, 101,500 squarefoot shopping center located in the heart of Silicon Valley. The Property is anchored by Sprouts Farmers Market, Burlington, Five Below and Crunch fitness, and boasts a long term WALT of 8.6 years, yielding stable cashflow for a significant period. Located in San Jose, one block east from the Interstate 680 (191,000 VPD) at the highly trafficked intersection of McKee Rd (41,000 VPD) and N Capitol (32,000 VPD), the Property sits within a larger shopping center, shadow anchored by a variety of quick-service restaurants and convenience stores.
The total center sees roughly 5.5 million visits annually, and the surrounding submarket has an incredible low vacancy rate at 1.5%. This, coupled with the strong rent roll, situate this center to continue strong performance.
Key Value-Creation Highlight Include:
Ancillary income through EV charging stations & storage facilities – Current management is negotiating an EV charging station lease, expected to commence in the future. Additionally, there is opportunity to activate a similar underutilized area for future storage income.
Outparcel & Subdivision Opportunity – The property has the opportunity to capitalize on a developable ground lease site, and ultimately subdivide in a partitioning play to boost returns and take advantage of low cap rates associated with strong ground lease tenants.
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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.