Silicon Valley Walgreens NNN For Sale
14,852 SF | Retail Building | San Jose, CA 95118 | $13,760,000 ($926/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $13,760,000
- Property Type
-
Retail
- Square Feet
- 14,852 SF
- Price / Square Foot
- $926
Listing Contacts
David Taxin
Verified Profile
Jeremy Awdisho
Verified Profile
- Property Info
Property Overview
- Rare Silicon Valley NNN leased Walgreens located on Almaden Expy and Foxworthy Ave. IN ALMOST BRAND-NEW CONDITION, MUST SEE, EXTREMELY BUSY STORE, HUGE TRAFFIC COUNTS ON THIS BUSY EXPRESSWAY.
- Rare 10% increases every 10 years.
- 13 years of primary term remaining with a total of 75 years on the lease. Tenant has option to terminate lease with 12-month notice after 08/31/2037.
- Assumable financing with attractive 4.35% interest rate, loan balance of approx. $4,800,000.
- Tenant responsible for all taxes, insurance, and maintenance (excluding roof and structure).
- 2012 construction build with a drive-thru pharmacy.
- 117 parking spaces.
- Relocation from a 40-year location 0.50-miles away at the corner of Almaden Expy and Koch Ln.
- High barrier to entry market.
- Dense population with 1,363,104 in a 10-mile radius.
- Strong demographics with household incomes of $171,218 in a 1-mile radius.
- Located on the corner of Almaden Expy and Foxworthy Ave near Capitol Expressway.
- Signalized intersection with exposure to over 50,000 vehicles per day.
- Large 1.25-acre lot in the neighborhood/community commercial general plan designation and Almaden Expressway/Hillsdale Avenue urban village designation. More info at DavidTaxin.com
- Rare 10% increases every 10 years.
- 13 years of primary term remaining with a total of 75 years on the lease. Tenant has option to terminate lease with 12-month notice after 08/31/2037.
- Assumable financing with attractive 4.35% interest rate, loan balance of approx. $4,800,000.
- Tenant responsible for all taxes, insurance, and maintenance (excluding roof and structure).
- 2012 construction build with a drive-thru pharmacy.
- 117 parking spaces.
- Relocation from a 40-year location 0.50-miles away at the corner of Almaden Expy and Koch Ln.
- High barrier to entry market.
- Dense population with 1,363,104 in a 10-mile radius.
- Strong demographics with household incomes of $171,218 in a 1-mile radius.
- Located on the corner of Almaden Expy and Foxworthy Ave near Capitol Expressway.
- Signalized intersection with exposure to over 50,000 vehicles per day.
- Large 1.25-acre lot in the neighborhood/community commercial general plan designation and Almaden Expressway/Hillsdale Avenue urban village designation. More info at DavidTaxin.com
Property Details
- Class
- B
- Year Built
- 2012
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 54,450 SF
Highlights
- Rare Silicon Valley NNN Leased Walgreens on Almaden Expy and Foxworthy Ave
- Rare 10% Rental Increases Every 10 Years
- 13 Years of Primary Term Remaining
- Assumable Financing with Attractive 4.35% Interest Rate - Loan Balance of Approx. $4,800,000
- 2012 Construction Build with a Drive-Thru Pharmacy
- Signalized Intersection with Exposure to Over 50,000 Vehicles Per Day
Nearby Properties
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