226 W Alma Avenue, San Jose, CA 95110
- $4,600,000
- List Price
- $4,600,000
- Status
- ACTIVE
- MLS#
- ML82059661
- Year Built
- 2008
- Lot Size
- 28,314
- Acres
- 0.65
- Days on Market
- 11
- Property Type
- Commercial
Property Description
Rare 100% occupied NNN retail/medical strip center offered at a 5.80% cap rate. Priced at $4,600,000, this 9,680 SF property features five (5) established tenants on triple-net leases, providing a landlord-favorable, low-management income stream. Tenants include a national fast-food franchise (Pizza Hut), a national wireless carrier (Metro by T-Mobile), a medical/wellness provider (Healing Grove), and two local service retailers delivering a diverse, credit-quality tenant mix. All tenants are individually metered and responsible for their own utilities, taxes, insurance, and CAM reimbursements. Built in 2008, the property features a modern concrete slab construction, flat roof with rooftop package HVAC units per suite, and approximately 36 on-site parking spaces. Ideally located on W. Alma Avenue at Almaden Expressway in San Jose, offering excellent visibility and accessibility. Current NOI of $266,870. Do not disturb tenants. All tours by appointment only.
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Additional Information
- Taxes
- $37,178
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- Central Air
- Roof
- Composition, Flat
- Attached Structure
- Detached
- Gross Scheduled Income
- $379,417
Listing courtesy of Listing Agent: Jake Anthony (jake@mjaequity.com) from Listing Office: MJA Equity Investments, Inc..
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