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- LoopNet Team
610 E Dunne Ave
Morgan Hill, CA 95037
Rare Silicon Valley Absolute NNN Invesment · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Signage
ABOUT 610 E DUNNE AVE , MORGAN HILL, CA 95037
Long Term, Absolute NNN Leased Retail Investment with Scheduled Rental Increases - Zero Management Responsibilities (Tenant Responsible for Roof & Structure) - Tenant Pays all Operating Expenses (Property Taxes, Insurance, CAM) - 14 Years Remaining on Lease; 10% Increases Every 5 Years Recent Early Lease Extension from Tenant with Long-Term Operating History - Tenant Extended Lease 4 Years Early for an Additional 10 Years (2030 Expiration) - Tenant Successfully Operated at Subject Property since 2006 - Approximately $200,000 in Tenant Improvements in 2017 Rare San Francisco Bay Area ( Silicon Valley ) Location with Strong Demographics - Premium South Silicon Valley Location; Close Proximity to Bay Area Destinations - Strong Bay-Area Demographics (1 mile population 4,867), 1 mile population change 8.4% - 2010-2015, ($117,331 average household income) - Hard-Corner, Major Thoroughfare Location; Directly off U.S Route 101 (97,798 Cars Per Day)
PROPERTY TAXES
| Parcel Number | 817-11-071 | Improvements Assessment | $3,982,401 |
| Land Assessment | $1,137,827 | Total Assessment | $5,120,228 |
PROPERTY TAXES
