$7,945,000 USD
415-509-6276
1130 Foxworthy Ave
San Jose, CA 95118
South San Jose
HIGHLIGHTS
- Exceptional Bay Area Yield: highly attractive return profile for Silicon Valley real estate
- Corporate Tenant: backed by a corporate master lease with Walgreens running through August 2037
- Secured & Active Cash Flow: additional layer of security from an operating business with an under-market sublease
- This asset successfully navigated Walgreens’ recent portfolio restructuring. After vacating the space last year, Walgreens opted to execute a sublease
- Strategically positioned in San Jose, one of the most supply-constrained and highly sought-after commercial real estate markets in the United States
OVERVIEW
The subject property features 2012 construction with drive-thru and 117 parking spaces, far exceeding typical downtown standards and ideal for high-traffic zones. Located at a high-visibility, signalized intersection with approximately 26,000 vehicles per day on Almaden Expressway and 7,500 VPD on Foxworthy Avenue.
FOR SALE DETAILS
PRICE
$7,945,000 USD
PRICE/SF
$535 USD /SF
CAP RATE
7.8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens (Subleased)
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2012
SPRINKLERS
-
PARKING SPACES
117
LAND DETAILS
CROSS STREETS
Foxworthy Ave
LAND ACRES
1.25 AC
LAND SF
54,450 SF
ZONING
CN(PD)
APN/PARCEL ID
451-06-074
ASK ABOUT THIS PROPERTY
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415-509-6276
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415-509-6276
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