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319-325 Monroe St 7,315 SF 100% Leased Retail Building San Jose, CA 95128 $4,100,000 ($560.49/SF) 5.43% Cap Rate
INVESTMENT HIGHLIGHTS
- Multi-tenant retail property 100% leased to four tenants
- Located directly across from Westfield Valley Fair and blocks from Santana Row
- Affluent trade area with an average annual household income of $176,702
- Favorable triple net leases that allow pass through of operating expenses
- Easy access from I-880 and I-280, as well as Stevens Creek Boulevard
EXECUTIVE SUMMARY
Three of the leases expire in the next year and contract rents are below market. Two of the leases include options at fair market rent, giving an investor the opportunity to significantly increase the income by renewing the leases at market rent. With no deferred maintenance and no current vacancy, the asset is an ideal value-add investment with limited downside and substantial upside income potential.
PROPERTY FACTS
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Bella Cosa Salon
- Services
-
99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
- Fred Astaire Dance Studio
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- Monroe Lounge
- Arts, Entertainment, and Recreation
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
-
- Finance and Insurance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
The State Farm® mission is to help people manage the risks of everyday life, recover from the unexpected and realize their dreams. Their vision for the future is to be the customer's first and best choice in the products and services they provide. They will continue to be the leader in the insurance industry and they will become a leader in the financial services arena. Their customers' needs will determine their path. Their values will guide them. They are people who make it their business to be like a good neighbor; who built a premier Company by selling and keeping promises through their marketing partnership; who bring diverse talents and experiences to their work of serving the State Farm customer. Their success is built on a foundation of shared values — quality service and relationships, integrity and financial strength. Their company mission is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Bella Cosa Salon | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Fred Astaire Dance Studio | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Monroe Lounge | Arts, Entertainment, and Recreation | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
|
|
Finance and Insurance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 277-34-002 | Improvements Assessment | $464,922 |
| Land Assessment | $486,051 | Total Assessment | $950,973 |
PROPERTY TAXES
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319-325 Monroe St
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