Country Square Shopping Center Retail FOR SALE


San Jose, CA - Santa Teresa
$15,100,000 USD
408-529-7988
, San Jose, CA for Sale
$15,100,000 USD
Retail - FOR SALE
1/14
null | 5.92% Cap Rate

Country Square Shopping Center
San Jose, CA
Santa Teresa


HIGHLIGHTS

  • Over 250’ feet of visibility along Cottle Road and 375’ feet along Santa Teresa Boulevard;
  • Signalized Corner of Santa Teresa Boulevard and Cottle Road
  • 85 & 101 Immediate Access

OVERVIEW

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

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408-529-7988

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408-529-7988

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