$3,080,000 USD
818-281-7893
2064 Lincoln Ave
San Jose, CA 95125
Willow Glen
HIGHLIGHTS
- Rare Silicon Valley Investment Opportunity in the highly affluent and desirable Willow Glen / Lincoln Avenue corridor in San Jose, CA
- Long Term Operator - Brannon’s Medical (Lessee) is a successful long term operator (50+ years) at this location. Waived right to terminate lease.
- Dense / High Income - Affluent Silicon Valley Location - The AHHI is over $167,000. 645,000 residents live within a 5-mile radius
- Nationally Traded Parent Company - Brannon’s Medical is a wholly owned subsidiary of AdaptHealth NASDAQ (AHCO) with $3.5B in revenue
- Low Rents / Future Upside - with $21 PSF average in place rents, nearby rental survey shows rents ranging from $31 to $60 PSF along Lincoln Ave
- NNN Lease – minimal Landlord responsibilities; ideal 1031 exchange opportunity
OVERVIEW
Price: $3,080,000
Net Operating Income: $169,428 / Avg $1.86 PSF
Description: Low rent single-tenant NNN asset on a prime infill signalized corner within the affluent Willow Glen neighborhood in San Jose
Tenant: Brannon's Rental and Sales, Inc. a subsidiary of AdaptHealth (NASDAQ: AHCO)
Term: 5 Years (recently waived one time termination right)
Scheduled Rental Increases: 3% Annually
FOR SALE DETAILS
PRICE
$3,080,000 USD
PRICE/SF
$921 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1956
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.38 AC
LAND SF
16,553 SF
ZONING
C1
APN/PARCEL ID
439-16-099
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818-281-7893
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818-281-7893
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