5.95% CAP - NNN Leased Strip Center For Sale

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 88% leased with only one ±625 SF vacancy which seller will guarantee rent at $4.00 SF for 6 months.
•    All leases are NNN leases.
•    Current base rental income of approximately $14,800/month and $17,306/month including the sellers rent guarantee.
•    Offered at an approximate 5.95% 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.