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2955 Senter Rd
San Jose, CA 95111
NNN Leased Retail Strip Center · Retail Property For Sale
Executive Summary
RARE SAN JOSE RETAIL INVESTMENT OPPORTUNITY
• ±5,414 SF multi-tenant retail center on a ±17,500 SF parcel.
• Rare opportunity to acquire a newer construction retail center built in 2004.
• Configured as eight (8) small shop suites averaging approximately ±677 SF.
STABLE NNN INCOME + UPSIDE POTENTIAL
• Property is currently approximately 88% leased with only one ±625 SF vacancy which seller will guarantee rent at $4.00 SF for 6 months.
• All leases are NNN leases.
• Current base rental income of approximately $14,800/month and $17,306/month including the sellers rent guarantee.
• Offered at an approximate 5.95% cap rate.
STRONG SMALL SHOP DEMAND
• Small suites benefit from strong local leasing demand.
• Tenant mix consists primarily of Vietnamese-oriented retail and food businesses.
• Located two parcels from Caribbee’s Center & Lee’s Supermarket.
PARKING + ACCESS
• Property features twenty-four (24) dedicated parking spaces.
• Large parcel provides excellent customer circulation and access.
• Strong visibility along heavily trafficked Senter Rd corridor.
• Convenient access to US-101 and major San Jose thoroughfares.
• ±5,414 SF multi-tenant retail center on a ±17,500 SF parcel.
• Rare opportunity to acquire a newer construction retail center built in 2004.
• Configured as eight (8) small shop suites averaging approximately ±677 SF.
STABLE NNN INCOME + UPSIDE POTENTIAL
• Property is currently approximately 88% leased with only one ±625 SF vacancy which seller will guarantee rent at $4.00 SF for 6 months.
• All leases are NNN leases.
• Current base rental income of approximately $14,800/month and $17,306/month including the sellers rent guarantee.
• Offered at an approximate 5.95% cap rate.
STRONG SMALL SHOP DEMAND
• Small suites benefit from strong local leasing demand.
• Tenant mix consists primarily of Vietnamese-oriented retail and food businesses.
• Located two parcels from Caribbee’s Center & Lee’s Supermarket.
PARKING + ACCESS
• Property features twenty-four (24) dedicated parking spaces.
• Large parcel provides excellent customer circulation and access.
• Strong visibility along heavily trafficked Senter Rd corridor.
• Convenient access to US-101 and major San Jose thoroughfares.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,414 SF
Building Class
B
Year Built
2004
Price
$3,490,000
Price Per SF
$644.63
Cap Rate
5.95%
NOI
$207,672
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.40 AC
Zoning
CN - Commercial Neighborhood
Parking
24 Spaces (4.43 Spaces per 1,000 SF Leased)
Frontage
97’ on Senter Rd
Amenities
- Food Court
- Signage
Property Taxes
| Parcel Number | 497-27-016 | Improvements Assessment | $1,618,855 |
| Land Assessment | $782,093 | Total Assessment | $2,400,948 |
Property Taxes
Parcel Number
497-27-016
Land Assessment
$782,093
Improvements Assessment
$1,618,855
Total Assessment
$2,400,948
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