Starbucks-Anchored Castlewood Corner, a 17,000 SQFT Credit-Tenant Retail Center in Gilroy, Hits the Market at $13.5MM
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: $4B across 67 reported transactions. All Retail coverage →
Computed from Real Estate Trail’s own tracked coverage
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…
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