408-331-2308
5647-5681 Snell Ave, San Jose, CA for Sale
Storefront - FOR SALE
1/22
null | Request Cap Rate

5647-5681 Snell Ave
San Jose, CA 95123


HIGHLIGHTS

  • Generational Piece – Rare Opportunity. First Time on the Market
  • Fee Simple Title. Multi-Tenant (28) NNN Leased Investment
  • Absolute Triple Net Multi-Tenant Leases with Annual Rent Increases
  • No Existing Financing
  • Transit Oriented Location – Adjacent Snell Avenue VTA Light Rail Station at Hwy 85 & Blossom Hill Off-Ramp
  • Future High Density Urban Village Development Zoning

OVERVIEW

Generational Piece – Rare Opportunity. First time on the market. Asking Price: Best Offer Current Annual NNN Income: $1,949,459* (assumes 100% occupancy as of 11-1-23). 95.6% Leased (4 vacancies), neighborhood center with a diverse mix of 28 tenants. Fee simple title. Multi-tenant (28) NNN leased investment with annual rent increases in shop leases. Absolute triple net multi-tenant leases with annual rent increases. (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. Includes 2 below market anchor ground leases: CVS Pharmacy & Pet Club. Significant Upside Potential when 2 anchor ground leases expire. +200% 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. Future high density Urban Village Development Zoning. Professionally managed property with no deferred maintenance – Absolute NNN asset.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bloom Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.23 AC

LAND SF

489,179 SF

ZONING

C1

APN/PARCEL ID

687-26-019,687-26-037

ASK ABOUT THIS PROPERTY

Mark BiaginiBiagini Properties, Inc.More Info
408-331-2308

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

Mark BiaginiBiagini Properties, Inc.More Info
408-331-2308

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