3111 Payne Ave | San Jose, CA 95117
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- LoopNet Team
3111 Payne Ave
San Jose, CA 95117
7-Eleven · Retail Property For Sale
Investment Highlights
- New 12-Year Corporate Net Lease to 7-Eleven with with Scheduled Rental Escalations - Tenant Extended Term Early
- Strong Intrinsic Value in Infill Bay Area Market Where Demand for Real Estate Far Exceeds Supply
- San Jose is Largest City in Northern California & Among Wealthiest Cities in the World
- Investment Grade, Pandemic Resistant Tenant Rated AA- by S&P and Baa1 by Moody’s
- Average Household Income of $164,551 within 5 Mile Radius
- Approximately 7 Miles from Downtown San Jose and 50 Miles from San Francisco
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,620 SF
Building Class
B
Year Built
1970
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.29 AC
Zoning
CP
Parking
10 Spaces (3.82 Spaces per 1,000 SF Leased)
Frontage
85’ on PAYNE AVE
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 299-01-012 | Improvements Assessment | $1,082,432 |
| Land Assessment | $2,056,620 | Total Assessment | $3,139,052 |
Property Taxes
Parcel Number
299-01-012
Land Assessment
$2,056,620
Improvements Assessment
$1,082,432
Total Assessment
$3,139,052
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