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Bloom Plaza 5647-5681 Snell Ave 106,295 SF 100% Leased Retail Building San Jose, CA 95123 For Sale
INVESTMENT HIGHLIGHTS
- Generational Piece – Rare Opportunity. First Time on the Market
- Absolute Triple Net Multi-Tenant Leases with Annual Rent Increases
- Transit Oriented Location – Adjacent Snell Avenue VTA Light Rail Station at Hwy 85 & Blossom Hill Off-Ramp
- 100% Leased. Fee Simple Title. Multi-Tenant (28) NNN Leased Investment
- No Existing Financing
- Covered Land Opportunity Future High Density Urban Village Development Zoning
EXECUTIVE SUMMARY
Value Add opportunity when ground leases with Save mart & CVS expire.
100% Leased. Neighborhood center with a diverse mix of 28 tenants. Fee simple title. Multi-tenant (28) Absolute NNN leased investment with annual rent increases in shop leases. Tenants reimburse for taxes, insurance and common area fees, plus property management, PLUS 10% Admin fee, parking lot, roof and HVAC repairs & replacement. No existing financing – Buyer can structure new financing that best suits its needs.
106,295 SF Total Building GLA – on 11.2288 Acres Land.
Transit oriented location – adjacent Snell Avenue VTA Light Rail Station at Hwy 85 & Blossom Hill off-ramp.
2 below market anchor ground leases: CVS Pharmacy & Pet Club. Significant Upside Potential when 2 anchor ground leases expire. +194% increase in annual NNN income. Long term, well established tenants – Bank of America 51+ yrs., CVS Pharmacy and Save Mart (Pet Club) 48+ yrs., Togo’s & Aqui Restaurant 30+ yrs. E-Commerce resistant tenants – 89% of shops. Tenants are service or restaurant oriented.
Covered Land Opportunity: Future high density Urban Village Development Zoning.
Professionally managed property with no deferred maintenance – Absolute NNN asset.
DATA ROOM Click Here to Access
- Third Party Reports
- Title and Insurance
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Banking
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
-
99,999 SF
- -
- -
CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | 99,999 SF | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $7,945,808 CAD | |
| Land Assessment | $10,484,464 CAD | Total Assessment | $18,430,272 CAD |
PROPERTY TAXES
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Bloom Plaza | 5647-5681 Snell Ave
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