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$4,600,000
Est. payment /mo
0.65 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82059661
HOA Y/N No
Year Built 2008
Annual Tax Amount $37,178
Lot Size 0.650 Acres
Property Description
Rare 100% occupied NNN retail/medical strip center offered at a 5.80% cap rate. Priced at $4,600,000, this 9,680 SF property features five (5) established tenants on triple-net leases, providing a landlord-favorable, low-management income stream. Tenants include a national fast-food franchise (Pizza Hut), a national wireless carrier (Metro by T-Mobile), a medical/wellness provider (Healing Grove), and two local service retailers delivering a diverse, credit-quality tenant mix. All tenants are individually metered and responsible for their own utilities, taxes, insurance, and CAM reimbursements. Built in 2008, the property features a modern concrete slab construction, flat roof with rooftop package HVAC units per suite, and approximately 36 on-site parking spaces. Ideally located on W. Alma Avenue at Almaden Expressway in San Jose, offering excellent visibility and accessibility. Current NOI of $266,870. Do not disturb tenants. All tours by appointment only.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning CP
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Roof Type Composition,Flat
Total Parking Spaces 36
Building
Story 1
Others
Tax ID 43422131
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Listed by Jake Anthony MJA Equity Investments, Inc. #02059020
Nearby Locations
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