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4750 Almaden Expy 16,032 SF 100% Leased Retail Building San Jose, CA 95118 $12,988,000 ($810.13/SF) 5.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Retail Location in Silicon Valley
- Adjacent Major Retail Project – Almaden Ranch
- Long Term, Well Established Tenants
- Shadow Anchored by Safeway, McDonalds, Savers and Jo-Ann Fabrics
- Fee Simple Title. Multi-Tenant NNN Leased Investment
EXECUTIVE SUMMARY
Safeway shadow anchored Multi-Tenant Retail Center For Sale. Fee simple title, fully leased NNN leased investment. Absolute triple net multi-tenant (14) shopping center with annual 3-4% rent increases in all leases. (Tenants reimburse for taxes, insurance and common area fees, plus property management, PLUS 10% Admin fee, parking lot, roof and HVAC repairs & replacement). Long term, well established tenants – Burrito Factory 20+ yrs., Poki Bowl; UPS ; Laguna Dental 15+ years. No existing financing – buyer can structure new financing that best suits its needs. All internet resistant service-oriented tenants. Great retail location in Silicon Valley shadow anchored by Safeway, McDonalds and Savers; adjacent major retail project – Almaden Ranch 350,000 Sq. Ft. anchored by Bass Pro Shops. Professionally managed property with no deferred maintenance.
DATA ROOM Click Here to Access
- Market Information
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
16,032 SF
Building Class
C
Year Built
1988
Price
$12,988,000
Price Per SF
$810.13
Cap Rate
5.60%
NOI
$727,328
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
1.11 AC
Zoning
CG - Commercial General
Frontage
AMENITIES
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
Smoker Friendly® is America's largest cigarette and tobacco store (CTS) retailer. Their first retail location was opened in 1988, making Smoker Friendly one of the leading pioneers of the trade class. The brick and mortar locations are centralized primarily in Colorado, Nebraska, Wyoming, Montana, and Florida. Smoker Friendly is actively expanding their reach and enthusiastic to introduce their customers to the latest additions to the Smoker Friendly family.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 458-17-015 | Improvements Assessment | $4,393,503 |
| Land Assessment | $2,928,994 | Total Assessment | $7,322,497 |
PROPERTY TAXES
Parcel Number
458-17-015
Land Assessment
$2,928,994
Improvements Assessment
$4,393,503
Total Assessment
$7,322,497
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4750 Almaden Expy
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