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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
319-325 S. Monroe Street is a multi-tenant retail center 100% leased to four tenants. The building measures approximately 7,680 square feet and is situated on a 0.38-acre parcel. The building improvements are masonry block construction with plate glass and anodized aluminum frame storefronts. There are 18 on-site parking spaces for a ratio of 2.34 per 1,000 SF. The parking lot was recently sealed and striped and the roof had a new covering applied in 2025. The property is in excellent condition and has been well maintained by the owner.
The property is 100% leased and two tenants just renewed their leases at higher rents. The rent for Bella Cosa Salon increased by 10% in the latest option and the rent for Monroe Hookah Lounge increased by 18% with the most recent extension. These renewals demonstrate the strength of the local retail market and attractiveness of the asset.
The property is 100% leased and two tenants just renewed their leases at higher rents. The rent for Bella Cosa Salon increased by 10% in the latest option and the rent for Monroe Hookah Lounge increased by 18% with the most recent extension. These renewals demonstrate the strength of the local retail market and attractiveness of the asset.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,315 SF
Building Class
C
Year Built
1957
Price
$4,100,000
Price Per SF
$560.49
Cap Rate
5.43%
NOI
$222,506
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.38 AC
Zoning
UVC - Urban Village Commercial
Parking
18 Spaces (2.46 Spaces per 1,000 SF Leased)
Frontage
142’ on Monroe St
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Bella Cosa Salon
- Services
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99,999 SF
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Lorem Ipsum
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Jan 0000
- Fred Astaire Dance Studio
- Services
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99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
- Monroe Lounge
- Arts, Entertainment, and Recreation
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
-
- Finance and Insurance
-
99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
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| 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 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 277-34-002 | Improvements Assessment | $464,922 |
| Land Assessment | $486,051 | Total Assessment | $950,973 |
Property Taxes
Parcel Number
277-34-002
Land Assessment
$486,051
Improvements Assessment
$464,922
Total Assessment
$950,973
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319-325 Monroe St
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