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Sun Plaza Retail Shopping Center 3 Retail Properties Offered at $22,000,000 in San Jose, CA
Executive Summary
31,612 SF MULTI-TENANT RETAIL SHOPPING CENTER
Sun Plaza is a 31,612 square foot, 3-building multi-tenant retail shopping center located on South King Road near the signalized corner of Tully Road in San Jose, California, one of the area’s primary commercial corridors.
STRONG OCCUPANCY & PROVEN LEASING HISTORY
The property consists of a 22-unit shopping center currently 21 units leased (99% occupied) with only one small 397 SF vacancy, demonstrating strong tenant demand and stable long-term occupancy.
ESTABLISHED ASIAN DINING & RETAIL DESTINATION
Sun Plaza features a highly specialized tenant mix primarily consisting of Vietnamese and Asian-owned restaurants, cafés, tea shops, pho restaurants, hot pot dining, an Asian seafood market, beauty and nail salons, pharmacy, dental services, and specialty retail, creating a vibrant lifestyle-oriented retail environment with consistent daily foot traffic.
BELOW-MARKET RENTAL RATES WITH UPSIDE
Current average rents of approximately $2.89/SF NNN are below prevailing market levels, offering investors future rental growth.
LARGE 3.10 AC PARCEL WITH URBAN VILLAGE ZONING
The property sits on a 3.10-acre lot with 214 parking spaces and is designated NCC (Neighborhood/Community Commercial) within the Tully Rd / S. King Rd Urban Village.
WELL MAINTAINED ASSET
Built in 1995, Sun Plaza has been well maintained and serves as a busy neighborhood retail hub for the surrounding community.
HIGH BARRIER-TO-ENTRY SAN JOSE RETAIL MARKET
Retail shopping centers of this size rarely come to market in San Jose, as long-term owners tend to hold these assets due to their strong leasing demand, consistent occupancy, and stable cash flow. Well-located neighborhood retail centers like Sun Plaza are highly sought after making opportunities to acquire them increasingly rare.
Sun Plaza is a 31,612 square foot, 3-building multi-tenant retail shopping center located on South King Road near the signalized corner of Tully Road in San Jose, California, one of the area’s primary commercial corridors.
STRONG OCCUPANCY & PROVEN LEASING HISTORY
The property consists of a 22-unit shopping center currently 21 units leased (99% occupied) with only one small 397 SF vacancy, demonstrating strong tenant demand and stable long-term occupancy.
ESTABLISHED ASIAN DINING & RETAIL DESTINATION
Sun Plaza features a highly specialized tenant mix primarily consisting of Vietnamese and Asian-owned restaurants, cafés, tea shops, pho restaurants, hot pot dining, an Asian seafood market, beauty and nail salons, pharmacy, dental services, and specialty retail, creating a vibrant lifestyle-oriented retail environment with consistent daily foot traffic.
BELOW-MARKET RENTAL RATES WITH UPSIDE
Current average rents of approximately $2.89/SF NNN are below prevailing market levels, offering investors future rental growth.
LARGE 3.10 AC PARCEL WITH URBAN VILLAGE ZONING
The property sits on a 3.10-acre lot with 214 parking spaces and is designated NCC (Neighborhood/Community Commercial) within the Tully Rd / S. King Rd Urban Village.
WELL MAINTAINED ASSET
Built in 1995, Sun Plaza has been well maintained and serves as a busy neighborhood retail hub for the surrounding community.
HIGH BARRIER-TO-ENTRY SAN JOSE RETAIL MARKET
Retail shopping centers of this size rarely come to market in San Jose, as long-term owners tend to hold these assets due to their strong leasing demand, consistent occupancy, and stable cash flow. Well-located neighborhood retail centers like Sun Plaza are highly sought after making opportunities to acquire them increasingly rare.
Property Facts
| Price | $22,000,000 | Number of Properties | 3 |
| Price / SF | $695.83 / SF | Individually For Sale | 0 |
| Cap Rate | 5.06% | Total Building Size | 31,617 SF |
| Sale Type | Investment | Total Land Area | 3.10 AC |
| Status | Active |
| Price | $22,000,000 |
| Price / SF | $695.83 / SF |
| Cap Rate | 5.06% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 31,617 SF |
| Total Land Area | 3.10 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2549 S King Rd, San Jose, CA 95122 | Retail | 11,818 SF | 1995 | - |
| 2569 S King Rd, San Jose, CA 95122 | Retail | 10,398 SF | 1995 | - |
| 2559 S King Rd, San Jose, CA 95122 | Retail | 9,401 SF | 1995 | - |
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Sun Plaza Retail Shopping Center
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