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Alma Plaza 226 W Alma Ave 9,680 SF 100% Leased Retail Building San Jose, CA 95110 $4,600,000 ($475.21/SF) 5.80% Cap Rate
Investment Highlights
- Diversified, needs-based tenant roster — categories with demonstrated resilience across economic cycles
- 100% NNN Leases
- Corner-adjacent, high-traffic location at W. Alma Avenue and Almaden Road with strong ingress/egress and on-site parking
Executive Summary
Positioned in a highly visible and accessible corridor, 226 W. Alma presents a compelling commercial real estate investment opportunity anchored by a strong mix of health, national franchise, professional-services, and retail tenants. The property benefits from consistent daily traffic driven by necessity-based businesses that provide stability and long-term demand.
Long-term lease structure with staggered expirations, providing income predictability and reducing rollover risk.
Embedded rent growth across all leases via fixed annual escalations ranging from 3.25% to 4.5%, generating compounding NOI growth.
Corner-adjacent, high-traffic location at W. Alma Avenue and Almaden Road with strong ingress/egress and on-site parking
Long-term lease structure with staggered expirations, providing income predictability and reducing rollover risk.
Embedded rent growth across all leases via fixed annual escalations ranging from 3.25% to 4.5%, generating compounding NOI growth.
Corner-adjacent, high-traffic location at W. Alma Avenue and Almaden Road with strong ingress/egress and on-site parking
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,680 SF
Building Class
C
Year Built
2008
Price
$4,600,000
Price Per SF
$475.21
Cap Rate
5.80%
NOI
$266,870
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.65 AC
Zoning
CP
Parking
35 Spaces (3.62 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Food Court
- Pylon Sign
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 434-22-131 | Improvements Assessment | $1,514,127 |
| Land Assessment | $1,316,633 | Total Assessment | $2,830,760 |
Property Taxes
Parcel Number
434-22-131
Land Assessment
$1,316,633
Improvements Assessment
$1,514,127
Total Assessment
$2,830,760
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