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1895 Tully Rd 7,333 SF Retail Building San Jose, CA 95122 $7,614,750 CAD ($1,038.42 CAD/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- San Jose is the economic engine of Silicon Valley with one of the most dynamic labor forces in the nation.
- Within a 3-mile radius, the population exceeds 250,000 residents with above-average household incomes.
- Given San Jose’s constrained land supply, the underlying real estate itself provides long-term appreciation potential.
- AAA provides mission-critical automotive and DMV-related services, which are non-discretionary and recession-resistant.
- The property enjoys excellent frontage and visibility on Tully Road, a heavily trafficked arterial in San Jose.
EXECUTIVE SUMMARY
1895 Tully Road is a 7,330 square foot freestanding retail/service
building strategically located in the dense San Jose submarket of
Santa Clara County. The property is 100% leased on a long-term
basis to AAA Northern California, Nevada & Utah, one of the most
recognizable and creditworthy organizations in the country. This
offering provides investors the opportunity to acquire a stable,
long-duration cash flow stream in the heart of Silicon Valley.
building strategically located in the dense San Jose submarket of
Santa Clara County. The property is 100% leased on a long-term
basis to AAA Northern California, Nevada & Utah, one of the most
recognizable and creditworthy organizations in the country. This
offering provides investors the opportunity to acquire a stable,
long-duration cash flow stream in the heart of Silicon Valley.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,333 SF
Building Class
C
Year Built
1971
Price
$7,614,750 CAD
Price Per SF
$1,038.42 CAD
Cap Rate
4.75%
NOI
$361,917 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.59 AC
Zoning
NCC - Neighborhood/Community Commercial
Parking
20 Spaces (2.72 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Food Court
- Pylon Sign
- Signage
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 491-28-133 | Improvements Assessment | $895,161 CAD |
| Land Assessment | $622,060 CAD | Total Assessment | $1,517,220 CAD |
PROPERTY TAXES
Parcel Number
491-28-133
Land Assessment
$622,060 CAD
Improvements Assessment
$895,161 CAD
Total Assessment
$1,517,220 CAD
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1895 Tully Rd
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