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Restaurant

209 East Middlefield Rd

209 East Middlefield Rd, Mountain View, CA 94043

Listing Price: Request For Offer

Tenant Name
Carl's Jr.
Years Remaining On Lease
2.9
Gross SF
4,180
Guarantor
Franchisee Guarantee
Rentable SF
4,180
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.10

Investment Overview

The subject property consists of two parcels approximately 1.05 Acres with a 4,180 square foot restaurant building originally constructed in 1984. The site is being sold for land value and is within the East Whisman Precise Plan, Village Center Character Area. Recently rezoned, the Precise Plan allows 50 foot height limits, 1.35 Base FAR for residential and up to .40 FAR for commercial. Bonus Density may be available in exchange for providing community benefits. According to the plan, the Village Center character area promotes neighborhood-serving and pedestrian oriented retail and services. Housing and small offices are allowed, encouraging redevelopment into a mixed-use center oriented around a public open space. The area is home to a number of large employers including Google, Symantec, Synopsis, Samsung and Linked In. Google has a major presence and is creating a mixed use neighborhood around the VTA light rail station under the Middlefield Park Master Plan which includes up to 1,900 residential units, 1.3 Million square feet of office and 10.5 Acres of parkland. Other projects include Summerhill Homes 7 Story Multifamily development at 355-415 East Middlefield Road and an application to build 95 Condominium units at 282 E. Middlefield Road across the street from the subject. The offering presents an opportunity to be part of the continuing development and transformation going on in the East Whisman area of Mountain View, and more specifically in the Village Center area with recently updated development standards supporting a variety of potential projects.

Investment Highlights

  • 1.05 Acre Development Site in the East Whisman Precise Plan, Village Center Character Area
  • Recent re-zoning permits a variety of uses including commercial and residential, 50 foot height limits
  • Currently occupied by a Carl's Jr. Restaurant on a short term lease
  • Numerous commercial and residential developments have been approved which will further transform the area

Exclusively Listed By

Listing Price: Request For Offer

Tenant Name
Carl's Jr.
Years Remaining On Lease
2.9
Gross SF
4,180
Guarantor
Franchisee Guarantee
Rentable SF
4,180
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.10

Investment Highlights

  • 1.05 Acre Development Site in the East Whisman Precise Plan, Village Center Character Area
  • Recent re-zoning permits a variety of uses including commercial and residential, 50 foot height limits
  • Currently occupied by a Carl's Jr. Restaurant on a short term lease
  • Numerous commercial and residential developments have been approved which will further transform the area

Investment Overview

The subject property consists of two parcels approximately 1.05 Acres with a 4,180 square foot restaurant building originally constructed in 1984. The site is being sold for land value and is within the East Whisman Precise Plan, Village Center Character Area. Recently rezoned, the Precise Plan allows 50 foot height limits, 1.35 Base FAR for residential and up to .40 FAR for commercial. Bonus Density may be available in exchange for providing community benefits. According to the plan, the Village Center character area promotes neighborhood-serving and pedestrian oriented retail and services. Housing and small offices are allowed, encouraging redevelopment into a mixed-use center oriented around a public open space. The area is home to a number of large employers including Google, Symantec, Synopsis, Samsung and Linked In. Google has a major presence and is creating a mixed use neighborhood around the VTA light rail station under the Middlefield Park Master Plan which includes up to 1,900 residential units, 1.3 Million square feet of office and 10.5 Acres of parkland. Other projects include Summerhill Homes 7 Story Multifamily development at 355-415 East Middlefield Road and an application to build 95 Condominium units at 282 E. Middlefield Road across the street from the subject. The offering presents an opportunity to be part of the continuing development and transformation going on in the East Whisman area of Mountain View, and more specifically in the Village Center area with recently updated development standards supporting a variety of potential projects.

Exclusively Listed By

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