319-325 Monroe St - Freestanding FOR SALE


San Jose, CA 95128- Santana Row
$4,100,000 USD
650-208-5282
319-325 Monroe St, San Jose, CA for Sale
$4,100,000 USD
Freestanding - FOR SALE
1/7
null | 5.43% Cap Rate

319-325 Monroe St
San Jose, CA 95128
Santana Row


HIGHLIGHTS

  • Multi-tenant retail property 100% leased to four tenants
  • Favorable triple net leases that allow pass through of operating expenses
  • Located directly across from Westfield Valley Fair and blocks from Santana Row
  • Easy access from I-880 and I-280, as well as Stevens Creek Boulevard
  • Affluent trade area with an average annual household income of $176,702

OVERVIEW

319-325 S. Monroe Street is a multi-tenant retail center 100% leased to four tenants. The building measures approximately 7,680 square feet and is situated on a 0.38-acre parcel. The building improvements are masonry block construction with plate glass and anodized aluminum frame storefronts. There are 18 on-site parking spaces for a ratio of 2.34 per 1,000 SF. The parking lot was recently sealed and striped and the roof had a new covering applied in 2025. The property is in excellent condition and has been well maintained by the owner. The property is 100% leased and two tenants just renewed their leases at higher rents. The rent for Bella Cosa Salon increased by 10% in the latest option and the rent for Monroe Hookah Lounge increased by 18% with the most recent extension. These renewals demonstrate the strength of the local retail market and attractiveness of the asset.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$560 USD /SF

CAP RATE

5.43%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

UVC

APN/PARCEL ID

277-34-002

ASK ABOUT THIS PROPERTY

Joshua JohnsonMarcus & MillichapMore Info
650-208-5282

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Joshua JohnsonMarcus & MillichapMore Info
650-208-5282

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.