NNN Leased Strip Center For Sale

INVESTMENT HIGHLIGHTS

RARE SAN JOSE RETAIL INVESTMENT OPPORTUNITY

• •        ±5,414 SF multi-tenant retail center on a ±17,500 SF parcel.

• •        Rare opportunity to acquire a newer construction retail center built in 2004.

• •        Configured as eight (8) small shop suites averaging approximately ±677 SF.

STABLE NNN INCOME + UPSIDE POTENTIAL

• •        Property is currently approximately 84% leased with one ±861 SF suite available for lease at $3.50/SF NNN. If the suite remains vacant at the close of escrow, seller will guarantee rent at $3.50/SF NNN for 6 months.

• •        All existing leases are NNN leases.

• •        Base rental income of approximately $16,293/month including the seller’s rent guarantee.

• •        Offered at an approximate 5.60% cap rate.

STRONG SMALL SHOP DEMAND

• •        Small suites benefit from strong local leasing demand.

• •        Tenant mix consists primarily of Vietnamese-oriented retail and food businesses.

• •        Located two parcels from Caribbee’s Center & Lee’s Supermarket.

PARKING + ACCESS

• •        Property features twenty-four (24) dedicated parking spaces.

• •        Large parcel provides excellent customer circulation and access.

• •        Strong visibility along heavily trafficked Senter Rd corridor.

• •        Convenient access to US-101 and major San Jose thoroughfares.