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Investment Highlights

  • New Long Term Lease to Tesla with Above Market Annual Rent Increases
  • Trophy Location on Los Gatos Blvd on Large ~4.5-Acre Lot with Ample Customer & Inventory Parking
  • Dense, Infill Location in Established Corridor Adjacent to Brand New Whole Foods Relocation Site (Now Open)
  • Mission-Critical Hybrid SSD + Collision Center Serving Dense, Affluent Silicon Valley & South Bay Markets
  • Long Term Covered Land Play with Strong Intrinsic Value
  • Population of 1,142,881 within a 10-Mile Radius with High Household Incomes & High Concentration of Commuters

Executive Summary

RARE HYBRID TESLA SSD + COLLISION CENTER DRIVING MULTIPLE REVENUE STREAMS.
This Tesla property is strategically positioned in a dense, affluent South Bay submarket serving Silicon Valley’s core employment base. The site sits adjacent to San Jose and Santa Clara, approximately 50 miles south of San Francisco, and occupies a rare ±4.5-acre infill parcel providing ample customer and inventory parking. The property benefits from exceptional frontage and visibility along Los Gatos Boulevard, multiple points of ingress and egress, and prominent monument signage, enhancing brand presence in one of the region’s most established neighborhoods.
The location is one mile from the junction of Highway 85 and Highway 17, which together carry approximately 244,000 vehicles per day, offering immediate regional connectivity. The surrounding trade area is anchored by daily-needs and high-end retail, including a new Whole Foods relocation site (now open), Trader Joe’s, Nob Hill Foods, CVS, Starbucks, Chipotle, Peet’s Coffee, and BevMo!, along with essential services such as Sutter Health, AAA, and the Los Gatos Police Department. A nearby luxury auto dealership carries Bentley, Rolls-Royce, Aston Martin, and Lamborghini, further reinforcing the area’s high-income consumer profile.
Additional traffic drivers include Downtown Los Gatos’ walkable retail and dining district, La Rinconada Golf Club, Vasona Lake Park, Downtown Campbell, which features year-round events, the new North 40, a 44-acre mixed-use development down the street, and numerous top-rated public and private schools. The site is also proximate to major regional employers, including Good Samaritan Hospital, Netflix, ChargePoint, AMD Xilinx, and West Valley College, with broader access to Apple Park (10 miles), Santa Clara University (8 miles), San Jose Mineta International Airport (10.5 miles), Applied Materials (12 miles), Google headquarters (16.5 miles), Stanford University (20 miles), Moffett Field (16 miles), and many more.
The surrounding demographics are exceptionally well aligned with Tesla’s customer base, with a population of 1.14 million within a 10-mile radius, an average household income of $284,041, and an average home value of $1.77 million within three miles. Nearly 70% of residents age 25 and older hold a bachelor’s degree or higher. This combination of affluence, density, and access makes the site a premier, long-term location within one of the most desirable and supply-constrained markets in the country.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
24,947 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1967/2024
Price
$68,272,830 CAD
Price Per SF
$2,736.72 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
4.46 AC
Zoning
CH
Frontage
523’ on Los Gatos Boulevard
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100

Nearby Major Retailers

SPENGA
Nob Hill Foods
Trader Joe's
Chase Bank
Citizens Business Bank
Baja Fresh
Erik’s DeliCafé
Sunbelt Rentals
Whole Foods
Citi

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 424-14-035
  • 424-14-034
Land Assessment
$38,495,872 CAD
Improvements Assessment
$384,225 CAD
Total Assessment
$38,880,097 CAD
  • Listing ID: 40976666

  • Date on Market: 2026-06-18

  • Last Updated:

  • Address: 15480 Los Gatos Blvd, Los Gatos, CA 95032

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