Historical Retail Sale Listing - Chase Bank

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Chase Bank

1077 East Brokaw Road, San Jose, CA 95131

N/A

5,396 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
5,396 SF
Property Type:
Retail
Property Sub-type:
Retail (Other)
Property Use Type:
Net Lease Investment with
9 years left on lease
Cap Rate:
4%
Tenancy:
Single
Listing ID
18376433
Last Updated
131 days ago

Highlights

  • 10 Year NNN Lease with Nine Years Remaining
  • Corporate JPMorgan Chase Bank Lease
  • Tenant Rated "A" by Standard & Poor's
  • Located in 100% Leased Brokaw Commons Shopping Center
  • Daily Traffic of 80,000 Vehicles near Property

Description

The property is a pad in the 100% leased Brokaw Commons Shopping Center located on the highly trafficked signalized corner of E. Brokaw Road and Oakland Road these arterials have a combined annual average daily traffic of 80,000 vehicles. Brokaw Commons, a new shopping center located across the street from an approved new residential development of 261 units, is anchored by City Sports Club, the first City Sports by LA Fitness in Northern California. Additional tenants in the shopping center include The UPS Store, KeyPoint Credit Union, Five Guys, Great Clips, Active Nutrition, Extreme Pita, VN Grill, Whispers Café & Creperie, Noah' s, Pieology, AZ Dental, T-Mobile, Subway, Chipotle and AAA Auto Care. This 100,000 square foot retail center is located next to Lowe' s and directly across from North Park Plaza, whose tenants include Panera Bread, FedEx, GameStop, Baja Fresh, Panda Express, McDonald' s, and Starbucks.

San Jose, the seat of Santa Clara County, is the third-largest city in California and the tenth-largest in the country with 984,299 residents as of January 2013 (San Jose City). San Jose is the largest city in the San Francisco Bay Area Combined Metropolitan Statistical Area (SFBA CSA), a 12-county region with 8.37 million people. The SFBA CSA has the second highest educational attainment in both bachelor' s and master' s degrees, and the second highest median household income. The Bay Area contains the two U.S. Metropolitan Statistical Areas (MSA) that have the highest per capita number of Forbes 400 millionaires. The city has the highest credit rating of any large city in California (Standard & Poor' s rating of AA+ ), and its residents have the highest median household income of any city in the U.S. The San Jose Metropolitan Area is home to the largest concentration of technology expertise in the world, with more than 6,600 technology companies employing more than 254,000 people.

Map of 1077 East Brokaw Road, San Jose, CA 95131 (Santa Clara County)

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Created 9/27/2013