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NNN Leased Investment - 2 Tenant Retail 2731 Alum Rock Ave 2,647 SF 100% Leased Retail Building San Jose, CA 95127 $1,950,000 ($736.68/SF) 7.03% Cap Rate
Investment Highlights
- NNN Leased Investment - 2 Retail Units Leased to a Single Tenant
- Located on the Corner of Alum Rock Ave and N Capitol Ave with Easy Access to Highway 680
- Smoke Shop and Mini Mart
- Strong Demographics with Household Incomes in Excess of $103,000 in a 1-Mile Radius
Executive Summary
- NNN leased investment, 2 retail units leased to a single tenant
- Smoke Shop and Mini Mart
- Located on the corner of Alum Rock Ave and N Capitol Ave with easy access to highway 680
- Strong demographics with household incomes in excess of $103,000 in a 1-mile radius.
- Smoke Shop and Mini Mart
- Located on the corner of Alum Rock Ave and N Capitol Ave with easy access to highway 680
- Strong demographics with household incomes in excess of $103,000 in a 1-mile radius.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,647 SF
Building Class
C
Year Built
1950
Price
$1,950,000
Price Per SF
$736.68
Cap Rate
7.03%
NOI
$137,064
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.20 AC
Zoning
C1H - Commercial Neighborhood
Parking
21 Spaces (7.93 Spaces per 1,000 SF Leased)
Frontage
79’ on Alum Rock Ave
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 484-19-001 | Improvements Assessment | $249,077 |
| Land Assessment | $616,390 | Total Assessment | $865,467 |
Property Taxes
Parcel Number
484-19-001
Land Assessment
$616,390
Improvements Assessment
$249,077
Total Assessment
$865,467
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NNN Leased Investment - 2 Tenant Retail | 2731 Alum Rock Ave
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