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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
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
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
- -
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Lorem Ipsum
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Jan 0000
- Monroe Lounge
- Arts, Entertainment, and Recreation
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99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
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- Finance and Insurance
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99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
State Farm began in 1922 when G.J. Mecherle founded the business in central Illinois as an auto insurance company built around fairness for farmers and other drivers. The company has since grown into a mutual insurer that offers auto, home, renters, life, health, and business coverage, along with financial services and claims support. State Farm’s public materials describe a long-running focus on helping customers manage everyday risks, recover from unexpected events, and plan for the future. Recent company reporting also shows a broad market presence across insurance and related services, with a wide network of agent offices serving millions of policies and accounts.
| 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
Presented by
319-325 Monroe St
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