226 W Alma AVE, San Jose, CA 95110
- $4,600,000
- List Price
- $4,600,000
- MLS#
- ML82059661
- Status
- ACTIVE
- Property Type
- com
- Lot Size
- 28,314
- Listing Area
- Central San Jose
- Year Built
- 2008
Property Description
Rare 100% occupied NNN retail/medical strip center offered at a 5.80% cap rate. Priced at $4,600,000, this 9,680 SF property features five (5) established tenants on triple-net leases, providing a landlord-favorable, low-management income stream. Tenants include a national fast-food franchise (Pizza Hut), a national wireless carrier (Metro by T-Mobile), a medical/wellness provider (Healing Grove), and two local service retailers delivering a diverse, credit-quality tenant mix. All tenants are individually metered and responsible for their own utilities, taxes, insurance, and CAM reimbursements. Built in 2008, the property features a modern concrete slab construction, flat roof with rooftop package HVAC units per suite, and approximately 36 on-site parking spaces. Ideally located on W. Alma Avenue at Almaden Expressway in San Jose, offering excellent visibility and accessibility. Current NOI of $266,870. Do not disturb tenants. All tours by appointment only.
Additional Information
- Acres
- 0.65
- Age
- 18
- Cooling System
- Central AC
- Foundation
- Concrete Slab
- Garage Parking
- Assigned Spaces, Common Parking Area, Drive Through, Lighted Parking Area, Uncovered Parking, Varies by Unit
- Heating System
- Forced Air
- Lot Size
- 28,314
- Neighborhood
- Central San Jose
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Present Use
- Office, Retail
- Roof
- Composition, Flat / Low Pitch
- Sewer
- Sewer - Public
- Special Features
- Bathroom Features, Parking, Wheelchair Access, Wide Halls / Doors (3 Ft +)
- Zoning
- CP
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Listing courtesy of Jake Anthony from MJA Equity Investments, Inc.. 650-787-6707
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