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1895 Tully Rd 7,333 SF Retail Building San Jose, CA 95122 $5,500,000 ($750.03/SF) 4.75% Cap Rate
Investment Highlights
- San Jose is the economic engine of Silicon Valley with one of the most dynamic labor forces in the nation.
- Within a 3-mile radius, the population exceeds 250,000 residents with above-average household incomes.
- Given San Jose’s constrained land supply, the underlying real estate itself provides long-term appreciation potential.
- AAA provides mission-critical automotive and DMV-related services, which are non-discretionary and recession-resistant.
- The property enjoys excellent frontage and visibility on Tully Road, a heavily trafficked arterial in San Jose.
Executive Summary
1895 Tully Road is a 7,330 square foot freestanding retail/service
building strategically located in the dense San Jose submarket of
Santa Clara County. The property is 100% leased on a long-term
basis to AAA Northern California, Nevada & Utah, one of the most
recognizable and creditworthy organizations in the country. This
offering provides investors the opportunity to acquire a stable,
long-duration cash flow stream in the heart of Silicon Valley.
building strategically located in the dense San Jose submarket of
Santa Clara County. The property is 100% leased on a long-term
basis to AAA Northern California, Nevada & Utah, one of the most
recognizable and creditworthy organizations in the country. This
offering provides investors the opportunity to acquire a stable,
long-duration cash flow stream in the heart of Silicon Valley.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,333 SF
Building Class
C
Year Built
1971
Price
$5,500,000
Price Per SF
$750.03
Cap Rate
4.75%
NOI
$261,406
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.59 AC
Zoning
NCC - Neighborhood/Community Commercial
Parking
20 Spaces (2.72 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Food Court
- Pylon Sign
- Signage
Walk Score®
Very Walkable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 491-28-133 | Improvements Assessment | $638,634 |
| Land Assessment | $443,796 | Total Assessment | $1,082,430 |
Property Taxes
Parcel Number
491-28-133
Land Assessment
$443,796
Improvements Assessment
$638,634
Total Assessment
$1,082,430
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1895 Tully Rd
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