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2812 Stevens Creek Blvd 1,716 SF Retail Building San Jose, CA 95128 $3,000,000 ($1,748.25/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Single-tenant auto repair building leased to a successful tenant; tenant plans to renew for another five years
- Three repair bays and a massive site with 23 parking spaces
- Excellent future owner/user or redevelopment opportunity
- High visibility location with signage at the corner of Stevens Creek Boulevard and Monroe Street
- Curb cuts along Stevens Creek Boulevard and Monroe Street
EXECUTIVE SUMMARY
2812 Stevens Creek Boulevard is a single-tenant auto repair building situated on a 0.37-acre parcel at the corner of Stevens Creek Boulevard and Monroe Street. The building measures 1,674 square feet and has three repair bays and an attached office; there are 23 parking spaces on site. The property has highly visible location and the tenant benefits from a pylon sign on Stevens Creek Boulevard. Additionally, there are curb cuts along both Stevens Creek Boulevard and Monroe Street to provide access and circulation.
Stevens Creek Automotive has occupied the site for many years and recently indicated they plan to extend their lease for another five years. The lease has a triple net expense structure with limited landlord responsibilities and provides. The tenant is responsible for all operating expenses except for the roof, building structure, foundation, and exterior walls. Given the nature of the use, landlord expenses are anticipated to be minimal.
Stevens Creek Automotive has occupied the site for many years and recently indicated they plan to extend their lease for another five years. The lease has a triple net expense structure with limited landlord responsibilities and provides. The tenant is responsible for all operating expenses except for the roof, building structure, foundation, and exterior walls. Given the nature of the use, landlord expenses are anticipated to be minimal.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,716 SF
Building Class
B
Year Built
1951
Price
$3,000,000
Price Per SF
$1,748.25
Cap Rate
6%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.37 AC
Zoning
PD, Planned Development
Parking
23 Spaces (13.4 Spaces per 1,000 SF Leased)
Frontage
76’ on Stevens Creek Blvd
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 277-34-054 | Improvements Assessment | $93,274 |
| Land Assessment | $515,637 | Total Assessment | $608,911 |
PROPERTY TAXES
Parcel Number
277-34-054
Land Assessment
$515,637
Improvements Assessment
$93,274
Total Assessment
$608,911
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2812 Stevens Creek Blvd
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