3270 S White Rd, San Jose, CA 95148

Rare Single-Tenant Absolute NNN Grocery Asset: A ±52,608 SF single-tenant Lucky California grocery store on a ±3.60 acre parcel, operating under an absolute NNN lease with zero landlord responsibilities. Located in the heart of San Jose.

Prime Infill San Jose Location: Situated in the affluent Evergreen neighborhood of San Jose, Lucky Supermarket is located in a dense residential area surrounded by rooftops, schools and popular destinations such as the Eastridge Center Mall, Raging Waters Theme Park, and nearby national retailers including Target, Planet Fitness, Ross, Costco and more. The property benefits from over 40,000 cars per day at the intersection of White Road and Aborn Road, offering exceptional visibility and access.

Corporate Lease with Save Mart Companies: The tenant, Lucky California, is operated by Save Mart Supermarkets, which runs over 200 stores across California and Nevada under the Save Mart, Lucky, and FoodMaxx banners. The lease is corporate-backed, providing institutional-grade security.

Strong Parent Company – The Jim Pattison Group: Save Mart is owned by The Jim Pattison Group, a diversified conglomerate with over $19 billion in annual revenue and 59,000+ employees, further enhancing the credit profile of the tenancy.

Long-Term Lease with Built-In Growth: The lease commenced in December 2021 and runs through November 2036, with 11+ years remaining. It includes 1.75% annual rent increases and three 5-year options plus one 4-year, 11-month option, ensuring stable and growing cash flow.

Essential Daily Needs Retailer: Lucky Supermarket serves as a critical provider of fresh and organic groceries to the surrounding community. As one of the few grocery-anchored centers in the area, Evergreen Valley Plaza is a key retail destination.

Absolute NNN Lease – Zero Landlord Responsibilities: The tenant is responsible for all expenses, including property taxes, insurance, utilities, CAM, roof, structure, and parking—offering a true passive investment.

Fee Simple Ownership with Depreciation Benefits: Investors benefit from fee simple ownership and the ability to depreciate improvements, enhancing after-tax cash flow.

Retail Synergy in Evergreen Valley Plaza: The property is part of a well-established shopping center with national co-tenants including CVS, Round Table Pizza, KFC and multiple daily needs tenants, driving consistent foot traffic and cross-shopping.

Ideal 1031 Exchange Opportunity: With a corporate-backed lease, strong NOI growth, and zero management, this asset is a perfect fit for investors seeking a stable, long-term, cash-flowing 1031 exchange replacement.