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Lucky 3270 S White Rd 52,608 SF Retail Building San Jose, CA 95148 $33,225,000 ($631.56/SF) 6.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare Single-Tenant Absolute NNN Grocery Asset: A ±52,608 SF single-tenant Lucky California grocery store on a ±3.60 acre parcel.
- Corporate Lease with Save Mart Companies: The tenant, Lucky California, is operated by Save Mart Supermarkets, which runs over 200 stores.
- Long-Term Lease with Built-In Growth: The lease commenced in December 2021 and runs through November 2036.
- Prime Infill San Jose Location: Situated in the affluent Evergreen neighborhood of San Jose.
- Strong Parent Company – The Jim Pattison Group: Save Mart is owned by The Jim Pattison Group, a diversified conglomerate.
- Essential Daily Needs Retailer: Lucky Supermarket serves as a critical provider of fresh and organic groceries to the surrounding community.
EXECUTIVE SUMMARY
Single Tenant A+ Silicon Valley Lucky Grocery Store | $200k+ AHHI | San Jose, CA
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
52,608 SF
Building Class
C
Year Built
1985
Price
$33,225,000
Price Per SF
$631.56
Cap Rate
6.15%
NOI
$2,043,468
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
3.60 AC
Zoning
A(PD)
AMENITIES
- Corner Lot
- Signage
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 659-42-010 | Improvements Assessment | $22,070,248 |
| Land Assessment | $6,819,322 | Total Assessment | $28,889,570 |
PROPERTY TAXES
Parcel Number
659-42-010
Land Assessment
$6,819,322
Improvements Assessment
$22,070,248
Total Assessment
$28,889,570
CONTACTS
-
Patrick Wade -
Alex Kozakov -
Matthew Greenberg -
Jack Webber -
Bo Henderson -
Vivian Tran -
CBRE, Inc.
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Lucky | 3270 S White Rd
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