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11593880
11593879

2400 Monterey Hwy, San Jose, CA 95111

NAI Northern California - HQ
Listed by NAI Northern California - HQ
$4,500,000
1086 days on market
Updated 110 days ago

2400 Monterey Hwy

Details
APN 497-38-018
Property Type Retail
Sub Type Auto Shop, Restaurant
Square Footage 5,000
Units 4
Cap Rate 4.65%
NOI $209,099
Occupancy 100%
Tenancy Multi
Price per SqFt $900
Year Built 1960
Year Renovated 2022
Buildings 2
Acreage 0.620
Zoning CIC

Retail | 4.65% CAP | 5,000 SF

Marketing description

Nai Northern California is Pleased to Present for Sale This Multi Tenant Retail-commercial Property Located on a High Traffic Corridor of Monterey Highway in San Jose, Ca. Nestled Between I-680 to the North, Hwy-87 to the West and Hwy-101 to the East, This Offering Consists of 4 Tenants in Total Between 2 Buildings on One Highly Visible 0.62 Ac Corner Lot. Proximity to Various Industrial Parks, Residential Developments, Greenspaces and Other Retail Also Contributes to This Property's Continued Success.

*** Seller financing available. Contact broker for more details ***

Investment highlights

  • Seller Financing Available. Contact broker for details.

  • Lessees Include: Monterey Breeze Bar & Restaurant, Monterey Auto Service, Taco Truck Spot and Billboard.

  • Newly Paved Parking Lot.

  • Tenants Pay Utilities.

  • Landlord Pays Property Insurance and Property Tax.

  • Corner Lot, Located at the Corner of Old Tully and Monterey Hwy.

  • Traffic Count: 35,000+ Adt Along This Section of Monterey Hwy.

  • Near Both Entrances to Santa Clara County Fairgrounds.

  • Easy Freeway Access: Ca Hwy-280 - 3 Miles via South Monterey Hwy & 7th Street, Ca Hwy-87 - 1 Mile West via Curtner Ave, Located 2.3 Miles South of Hwy 280 via Monterey Hwy and Us Hwy 101 1.9 Miles Northeast via Tully Road.

  • Close Proximity to Santa Clara County Fairgrounds, Mcdonald's, Ihop, Target, Grocery Outlet, America's Tire, Chick Fil-a, Taco Bell, Burger King, Applebees, Chavez Supermarket, Papa John's Pizza, Holiday Inn Express and More.

Listing Contacts

NAI Northern California - HQ
Listed by NAI Northern California - HQ

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$209,099.00
$17,424.92/mo

Valuation Metrics

0
DSCR
4.65%
Cap Rate
4.65%
ROI

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