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Prime Corner NNN Investment 1720 W San Carlos St 1,064 SF Retail Building San Jose, CA 95128 $1,570,000 ($1,475.56/SF) 5.50% Cap Rate
Investment Highlights
- Prime Corner Location in Core Silicon Valley
- Long-Term Lease Commitment - approximately six years remaining on the primary term, with lease expiration September 30, 2032
- Strong In-Place Return — 5.5% cap rate on in-place NOI of $86,325 offers an attractive, stabilized yield with contractual growth
- NNN Investment - Zero landlord responsibilities
- Attractive Rent Growth — 3% annual rent increases throughout the term provide a hedge against inflation and built-in NOI growth
- Infill San Jose Location — Positioned along W San Carlos St, a high traffic corridor benefiting from surrounding residential and commercial density
Executive Summary
The S&T Group of Marcus & Millichap is pleased to bring to market 1720 W. San Carlos Street, a 1,064-square-foot single-tenant retail investment situated on a 0.23-acre corner lot in the heart of San Jose, California. The property is leased on a triple-net basis to California Check Cashing Stores, LLC, with the tenant responsible for all operating expenses, taxes, insurance, and maintenance — offering a passive, management-free investment.
Positioned along W. San Carlos Street, a high-traffic infill corridor benefiting from dense surrounding residential and commercial density, the property is surrounded by national credit retailers including Walgreens, Safeway, and AutoZone, and sits within minutes of Silicon Valley's largest employers, including Adobe, eBay, and PayPal. The site's generous 0.23-acre lot relative to its building footprint offers excess land and a strong parking ratio, providing long-term redevelopment or expansion optionality.
Positioned along W. San Carlos Street, a high-traffic infill corridor benefiting from dense surrounding residential and commercial density, the property is surrounded by national credit retailers including Walgreens, Safeway, and AutoZone, and sits within minutes of Silicon Valley's largest employers, including Adobe, eBay, and PayPal. The site's generous 0.23-acre lot relative to its building footprint offers excess land and a strong parking ratio, providing long-term redevelopment or expansion optionality.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,064 SF
Building Class
B
Year Built
1966
Price
$1,570,000
Price Per SF
$1,475.56
Cap Rate
5.50%
NOI
$86,325
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.23 AC
Zoning
C2H
Frontage
Amenities
- Pylon Sign
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 277-14-027 | Improvements Assessment | $70,659 |
| Land Assessment | $1,104,080 | Total Assessment | $1,174,739 |
Property Taxes
Parcel Number
277-14-027
Land Assessment
$1,104,080
Improvements Assessment
$70,659
Total Assessment
$1,174,739
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