2096 Lincoln Ave 2,550 SF 42% Leased Retail Building San Jose, CA 95125 $1,595,000 ($625.49/SF) 5.01% Cap Rate

With over 125,000 people located between San Jose and Sunnyvale, East San Jose and Willow Glen both reflect important housing nodes with access to job centers, noting multiple prominent companies calling the area their home.

Long term, the Silicon Valley's economic status should continue to generate above average job growth. Santa Clara is well placed to take advantage of that due to its location proximate to San Jose, Cupertino, and Sunnyvale. Companies maintaining major presences here include Intel, which employs over 10,000 workers; equipment manufacturers Applied Materials, Marvell Technology Group, Avaya, and Agilent Technologies; and chipmaker Nvidia.

Retail development tends to cluster along the primary arterials of First Street (Monterey Highway) and Senter Road, both of which provide access to downtown San Jose further north. Nearby primary attractions include the Happy Hollow Park & Zoo, along with the Raging Waters water park.

Retail rents in are reasonably priced just below the market average in San Jose, meaning buyers could capture some upside potential on investments, given a higher ceiling on growth. In addition, potential tenants would enjoy proximity to huge population centers in San Jose’s southern and eastern regions, making the area an attractive location to sign a lease.