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NNN Leased Retail Strip Center 2955 Senter Rd 5,414 SF Retail Building San Jose, CA 95111 For Sale
Executive Summary
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.
• ±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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,414 SF
Building Class
B
Year Built
2004
NOI
$294,687 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.40 AC
Zoning
CN - Commercial Neighborhood
Parking
24 Spaces (4.43 Spaces per 1,000 SF Leased)
Frontage
97’ on Senter Rd
Amenities
- Food Court
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 497-27-016 | Improvements Assessment | $2,264,568 CAD |
| Land Assessment | $1,094,046 CAD | Total Assessment | $3,358,614 CAD |
Property Taxes
Parcel Number
497-27-016
Land Assessment
$1,094,046 CAD
Improvements Assessment
$2,264,568 CAD
Total Assessment
$3,358,614 CAD
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NNN Leased Retail Strip Center | 2955 Senter Rd
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