NNN Goodyear Outparcel San Jose, CA Cap Rate 4.5% San Jose (Santa Clara, California, US ) Built

$3,655,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 4,999 sq. ft.
  • Development Level: Built
  • Lot Size: 0.6 acres

Description

NNN Goodyear Outparcel San Jose, CA Cap Rate 4.5%

Cap Rate: 4.5%
NOI: $164,444
Building Size: 5,000 sqft
Lot Area: 0.6 acres
Tenancy: Single
Lease Expire Year: 8/15/2028

Price: $3,655,000 USD

DESCRIPTION
Newly Extended NNN Lease, Outparcel to Valley Fair Mall:
-Corporate guaranty with Goodyear Tire and Rubber Co. (NASDAQ:GT)
-New 10-year lease renewal; 3% annual increases
-Goodyear has been successfully operating at the site since 1993
-Ease of management NNN lease
Pad to 2.2 Million Square Foot Valley Fair Mall: Among the most prominent malls in the U.S., serving 22 million annual visitors as the luxury retail hub anchored by Nordstrom, Macy’s, Bloomingdale's, Apple, Louis Vuitton, Boss, Prada, Burberry, Cartier, Carolina Herrera, Coach, Dior, Saint Laurent, Salvatore Ferragamo, Tiffany & Co., and Versace
Major Mall Re-Investment: Westfield just completed a $1.1 billion renovation with 550,000 square feet, 100 new stores and restaurants, and 2,500 new parking spaces
High-Density Retail, Residential, and Business District: Adjacent to the award-winning, upscale Santana Row that draws over 15 million annual visitors
International Technology and Science Hub: Within 10 miles of the subject property are some of the largest tech and science companies in the world, including Apple (Headquarters), Google, Yahoo! (Headquarters), Netflix (Headquarters), and others
Most Affluent County in California; Capital of the Silicon Valley: 3rd most populous city in California, 10th most populous city in the U.S., and #1 most affluent county in California with an average household income of more than $157,700.

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.

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Information is deemed to be correct but not guaranteed.