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The Registry · Retail

Starbucks-Anchored Castlewood Corner, a 17,000 SQFT Credit-Tenant Retail Center in Gilroy, Hits the Market at $13.5MM

Via The Registry · September 22, 2026
Compiled by Real Estate Trail Editorial · September 22, 2026

Why this matters

Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

  • Disclosed retail deal value tracked in September 2026: $5.7B across 97 reported transactions. All Retail coverage →

Computed from Real Estate Trail’s own tracked coverage

Excerpt from The Registry:
A 16,500-square-foot, credit-tenant retail center anchored by Starbucks and U.S. Bank on Gilroy's busiest commercial artery has been listed for sale at just over $13.5 million, with the option to buy either of its two…
Read the full article at The Registry →

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