1304 S. Winchester Blvd., San Jose, CA 95128; Retail For Sale;D-14 in Santa Clara County

1304 S. Winchester Blvd., San Jose, CA 95128; Retail For Sale;D-14 in Santa Clara County


1304 S. Winchester Blvd., San Jose, CA 95128; Retail For Sale;D-14 in Santa Clara County

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1304 S. Winchester Blvd., San Jose, CA 95128

Winchester & Payne Center

Retail Property For Sale

Price:
$1,290,000
Building Size:
5,244 SF
Price/SF:
$246
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
3 years left on lease
Commission Split:
3%
Cap Rate:
10.42%
Occupancy:
72%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1989
Lot Size:
0.52 AC
APN / Parcel ID:
279-25-020
Listing ID
18620945

Highlights

  • Prime Commercial Location
  • Well-maintained Building
  • Stabilized Long-term Tenants on the Premise
  • Annual Rent Increases (3% – 4%) for all Tenants
  • Additional Income for Owner / Manager
  • One Prime Retail Space available for Ower/User

Description

**This is a sale of Leasehold Interest (Building only) with total 39+ years remaining including two 10 year options.
“This is a well-maintained, free-standing, single-story building leased to stabilized long-term tenants including two national tenants, Little Caesar’s Pizza and Baskin Robbins 31 Flavor Ice Cream. All tenants are on NNN lease with annual rent increases. Investors will enjoy high cash flow from the first year with significant rent increases every year. One of the tenant vacated the premise and thus for first time since 1989 a retail space is available at the center for Lease. Ideal situation for Owner/User. Collect rents from 3 long-term tenants and occupy one unit. “Vacant is available For Lease at $3.00 / SF, NNN”.

The property is located in the city of San Jose, Santa Clara County. It is third largest city in California and 10th largest in United States. The premise is located within Silicon Valley where new century industry giants such as Apple Computer, Facebook, Netflex, Google , and many others too numerous to mention all are headquartered. Santa Clara will also house the 49er Stadium.
The premise is situated on southwest corner of S. Winchester & Payne, just north of Hamilton Ave, one of major expressway in the city. It is surrounded by high density apartments, offices, single family residential and shopping centers. Some of national tenants at the signalized corner of Winchester & Payne include Safeway, Kragen, Starbucks, Rite Aid, Taco Bell, Radio Shack, 7-11, El Polo Loco, Cheveron, and more.