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1820 Alum Rock Ave 3,220 SF Retail Building San Jose, CA 95116 $2,400,000 ($745.34/SF) 6% Cap Rate
Investment Highlights
- Building & Site: ±3,220 SF building on ±17,922 SF lot (±0.41 AC)
- Zoning: MS-G with Use Code Retail Trade. Main Street Ground-Floor Commercial District in San Jose's Alum Rock Urban Village.
- Common Development Scale: Projects in MS-G along the Alum Rock corridor frequently propose low to mid-rise mixed-use buildings up to 5 stories.
- Access: Corner Lot with Dual Access—Alum Rock Avenue and Kentucky Place
- Occupancy: NNN Lease at $12,000 per month with 3% annual increases; 8 years remain on the lease.
- Year Built: 1992
Executive Summary
Synergize Realty is introducing 1820 Alum Rock Avenue in San Jose, California (the "Property"), a Retail Free Standing building located in the prime Alum Rock Avenue corridor's Main Street Ground Floor Commercial District.
Enjoy a 6.0% CAP with a Triple Net Lease while you explore and expedite a new redevelopment project possibly similar to the adjacent newly built mid-rise residential building above and commercial space below.
The building was originally constructed in 1992 as a KFC restaurant, complete with all the amenities. It is now a popular local favorite restaurant and lounge with spacious indoor / outdoor seating areas and its own parking lot.
Here's your chance to change San Jose's city skyline with this property. It is a generational purchase with a trifecta: a great property to establish your business, a solid rental investment with high income, and a potential redevelopment opportunity.
The property has great street exposure on 4-car busy traffic lanes plus a bus lane, and experiences heavy foot traffic. It has convenient access to Highway 101, Interstate 680 and 280. The building is next to the Mexican Heritage Plaza, near San Jose State University, the Santa Clara Valley Regional Medical Center, and the Berryessa/North San Jose BART Station.
Seller financing is available - negotiable. Schedule a private tour with Robert@SynergizeRealty.com. Thank you!
Enjoy a 6.0% CAP with a Triple Net Lease while you explore and expedite a new redevelopment project possibly similar to the adjacent newly built mid-rise residential building above and commercial space below.
The building was originally constructed in 1992 as a KFC restaurant, complete with all the amenities. It is now a popular local favorite restaurant and lounge with spacious indoor / outdoor seating areas and its own parking lot.
Here's your chance to change San Jose's city skyline with this property. It is a generational purchase with a trifecta: a great property to establish your business, a solid rental investment with high income, and a potential redevelopment opportunity.
The property has great street exposure on 4-car busy traffic lanes plus a bus lane, and experiences heavy foot traffic. It has convenient access to Highway 101, Interstate 680 and 280. The building is next to the Mexican Heritage Plaza, near San Jose State University, the Santa Clara Valley Regional Medical Center, and the Berryessa/North San Jose BART Station.
Seller financing is available - negotiable. Schedule a private tour with Robert@SynergizeRealty.com. Thank you!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,220 SF
Building Class
B
Year Built
1992
Price
$2,400,000
Price Per SF
$745.34
Cap Rate
6%
NOI
$144,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.41 AC
Zoning
C3H - MS-G with Use Code Retail Trade. Main Street Ground-Floor Commercial District in San Jose's Alum Rock Urban Village.
Parking
22 Spaces (5.83 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Atrium
- Corner Lot
- Fenced Lot
- Food Court
- Restaurant
- Signage
- Wheelchair Accessible
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Hacienda Parrilla Restaurant Bar
- Retailer
- 3,200 SF
- -
- Triple Net
- Jun 2034
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Hacienda Parrilla Restaurant Bar | Retailer | 3,200 SF | - | Triple Net | Jun 2034 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 481-18-049 | Improvements Assessment | $522,260 |
| Land Assessment | $1,566,788 | Total Assessment | $2,089,048 |
Property Taxes
Parcel Number
481-18-049
Land Assessment
$1,566,788
Improvements Assessment
$522,260
Total Assessment
$2,089,048
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1820 Alum Rock Ave
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