3270 S White Rd - Supermarket FOR SALE
San Jose, CA 95148 |
$33,225,000 USD
818-259-0476
3270 S White Rd
San Jose, CA 95148
HIGHLIGHTS
- Rare Single-Tenant Absolute NNN Grocery Asset: A ±52,608 SF single-tenant Lucky California grocery store on a ±3.60 acre parcel.
- Prime Infill San Jose Location: Situated in the affluent Evergreen neighborhood of San Jose.
- Corporate Lease with Save Mart Companies: The tenant, Lucky California, is operated by Save Mart Supermarkets, which runs over 200 stores.
- Strong Parent Company – The Jim Pattison Group: Save Mart is owned by The Jim Pattison Group, a diversified conglomerate.
- Long-Term Lease with Built-In Growth: The lease commenced in December 2021 and runs through November 2036.
- Essential Daily Needs Retailer: Lucky Supermarket serves as a critical provider of fresh and organic groceries to the surrounding community.
FOR SALE DETAILS
PRICE
$33,225,000 USD
PRICE/SF
$632 USD /SF
CAP RATE
6.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Lucky
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.6 AC
LAND SF
156,816 SF
ZONING
A(PD)
APN/PARCEL ID
659-42-010
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818-259-0476
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818-259-0476
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