NNN LEASED INVESTMENT
COUNTRY SQUARE SHOPPING CENTER | SAN JOSE, CA.
6171-6199 SANTA TERESA BOULEVARD, SAN JOSE, CA. @ COTTLE ROAD
±24,820 SF RETAIL CENTER
CENTER IS 100% LEASED TO 16 TENANTS.
INVESTMENT SUMMARY:
• SALE PRICE: $15,100,000
• NET OPERATING INCOME: $868,524
• CAP RATE: 5.75%
• TOTAL BUILDING(4) SIZE: ±24,820 SF
• TOTAL LAND AREA: ±2.13 Acres ( ±93,753 SF)
• OCCUPANCY: STABLE OCCUPANCY HISTORY. CURRENTLY +/-95% LEASED (ONE VACANCY)
6175-A: SELLER WILL GUARANTEE RENT FOR 1 YEAR @ 3.25/SF, PAID AT COE IF SPACE NOT LEASED
PROPERTY HIGHLIGHTS:
• Location: Signalized Corner of Santa Teresa Boulevard and Cottle Road;
• Visibility: Over 250’ feet of visibility along Cottle Road and 375’ feet along Santa Teresa Boulevard;
• Exceptional Demographics: Country Square is located within a half mile of the Palm Valley Communities (Villa Veneto, Palma Sorento, and Santa Palmia), and is diagonally across the street from Kaiser Permanente Hospital. There are over 70,000 residents within a 2-mile radius, and over 77,000 residents within a 5-mile radius, with the average household income within a 2-mile radius of approximately $150,000.
• Traffic Counts:
Santa Teresa Boulevard/Cottle Road: 23.7K
Cottle Road/Nature Drive: 18K
Cottle Road/Santa Teresa Boulevard: 30.1K
Santa Teresa Boulevard/Camino Verde Drive: 25.2K
• Parking: ±113 Stalls (±4.55/1,000 SF);
• Year Built: 1979;
• Accessibility: 0.4 Miles to Cottle VTA Light Rail Station;
• Highways: 85 & 101 Immediate Access;
• Zoning: The site is subject to the Santa Teresa Boulevard / Cottle Road Urban Village Plan, part of The Envision San Jose 2040 General Plan which allows for varied land uses.
• APN: 689-29-075 and 689-29-076