Taco Bell 5431 Camden Avenue, San Jose, CA Cap Rate 3.35% East San Jose (San Jose, California, US ) Built

$4,478,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 2,728 sq. ft.
  • Development Level: Built
  • Lot Size: 0.29 acres

Description

Taco Bell 5431 Camden Avenue, San Jose, CA Cap Rate 3.35%

Cap Rate: 3.35%
NOI: $150,000
Building Size: 2,728 sqft
Lot Area: 0.29 acres
Lease Type: Triple Net
Tenancy: Single
Lease Expire Year: 2040

Price: $4,478,000 USD

DESCRIPTION
The subject property is prominently situated in a dense infill location outparcel to the CVS-anchored Avanti Shopping Center, with excellent access and visibility at the signalized intersection of Kooser Road (12,000 AADT) and Camden Avenue (37,340 AADT) less than one mile from its junction with the CA-85 arterial (144,900 AADT).​ The site benefits from dense, affluent demographics with a total daytime population of 1,728,506 within 15 miles of the site and a population of 373,995 within a 5 mile radius.​ Average household income within 1 mile of the site is $191,128, with 65% of households in the surrounding area earning more than $100,000 annually.​ Median home value within a 1 mile radius exceeds $1,186,600.​

The property benefits from a prominent retail location in close proximity to shopping centers, major employers, schools, and more.​ Retail centers in the surrounding area include Almaden Plaza, anchored by Costco, Whole Foods Market, Trader Joe’s, and Pet Food Express; Princeton Plaza, with tenants including Michaels, Outdoor Supply Hardware, and Planet Fitness; Blossom Hill Shopping Center, anchored by Walgreens; Meridian Park Plaza, anchored by CVS and Lunardi’s Markets; Almaden Ranch Marketplace, featuring Bass Pro, Total Wine, and Ulta Beauty; Robertsville Square, with tenants including Walmart Supercenter, Best Buy, and Dollar Tree; Almaden Square, anchored by Cost Plus World Market and Ashley Homestore; Westfield Oakridge, anchored by Target, Macy’s, and Nordstrom Rack.​ Other major retail tenants in the surrounding area include Safeway, Smart & Final Extra!, The Home Depot, Tuesday Morning, and more.

In addition, the property is located in close proximity to Leigh High School, Branham High School, Dartmouth Middle School, Noddin Elementary School, Leitz Elementary School, and Challenger School, drawing additional traffic from students, parents, and teachers to the site. The property is also located approximately 3 miles from Good Samaritan Medical Center, a 351-bed hospital with a staff of 2,270.

HIGHLIGHTS
• Long Term Net Lease to Taco Bell with 20 Years Remaining and Scheduled Rent Escalations in Primary Term
• Irreplaceable Bay Area Infill Location within Dense & Affluent San Jose Market
• Average Household Income of $191,128 within 1 Mile of Site
• Prominent Retail Location Outparcel to CVS-Anchored Retail Center
• San Jose is Largest City in Northern California & Among Wealthiest Cities in the World
• Total Daytime Population of 1.7 Million within 15 Miles of Site

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.