1130 Foxworthy Ave - Freestanding FOR SALE


San Jose, CA 95118- South San Jose
$12,900,000 USD
408-966-5919
1130 Foxworthy Ave, San Jose, CA for Sale
$12,900,000 USD
Freestanding - FOR SALE
1/11
null | Request Cap Rate

1130 Foxworthy Ave
San Jose, CA 95118
South San Jose


HIGHLIGHTS

  • Rare Silicon Valley NNN Leased Walgreens on Almaden Expy and Foxworthy Ave
  • Rare 10% Rental Increases Every 10 Years
  • 13 Years of Primary Term Remaining
  • Assumable Financing with Attractive 4.35% Interest Rate - Loan Balance of Approx. $4,800,000
  • 2012 Construction Build with a Drive-Thru Pharmacy
  • Signalized Intersection with Exposure to Over 50,000 Vehicles Per Day

OVERVIEW

- Rare Silicon Valley NNN leased Walgreens located on Almaden Expy and Foxworthy Ave. IN ALMOST BRAND-NEW CONDITION, MUST SEE, EXTREMELY BUSY STORE, HUGE TRAFFIC COUNTS ON THIS BUSY EXPRESSWAY. - Rare 10% increases every 10 years. - 13 years of primary term remaining with a total of 75 years on the lease. Tenant has option to terminate lease with 12-month notice after 08/31/2037. - Assumable financing with attractive 4.35% interest rate, loan balance of approx. $4,800,000. - Tenant responsible for all taxes, insurance, and maintenance (excluding roof and structure). - 2012 construction build with a drive-thru pharmacy. - 117 parking spaces. - Relocation from a 40-year location 0.50-miles away at the corner of Almaden Expy and Koch Ln. - High barrier to entry market. - Dense population with 1,363,104 in a 10-mile radius. - Strong demographics with household incomes of $171,218 in a 1-mile radius. - Located on the corner of Almaden Expy and Foxworthy Ave near Capitol Expressway. - Signalized intersection with exposure to over 50,000 vehicles per day. - Large 1.25-acre lot in the neighborhood/community commercial general plan designation and Almaden Expressway/Hillsdale Avenue urban village designation. More info at DavidTaxin.com

FOR SALE DETAILS

PRICE

$12,900,000 USD

PRICE/SF

$869 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NEW PRICE Silicon Valley Walgreens For Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

117

LAND DETAILS

CROSS STREETS

Foxworthy Ave

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

CN(PD)

APN/PARCEL ID

451-06-074

ASK ABOUT THIS PROPERTY

David TaxinMeacham OppenheimerMore Info
408-966-5919

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David TaxinMeacham OppenheimerMore Info
408-966-5919

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.