Mahoney & Associates is pleased to offer for sale 7900 Arroyo Circle, Gilroy, CA (See Grins RVs) The building has 125,597 SF plus an additional 5,000 SF of covered area. The building was originally owned and occupied by Wal-Mart, but they required a larger store and relocated several miles to the south.
When Wal-Mart sold the property to a previous owner in December of 2004, they required a Deed Restriction expiring in 25 years, or December 2029. This restriction reads as follows: “Grantee covenants that the Property will not be used for or in support of the following: a general merchandise discount retail store, a wholesale membership club or warehouse club, or a grocery store or supermarket in excess of thirty thousand (30,00) square feet. Notwithstanding the foregoing, the aforementioned restrictions shall not apply to Wal-Mart Stores, Inc. or any parent company, affiliate, subsidiary, or related company.”