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Shopping Regional

2590 South Bascom Avenue

2590 South Bascom Ave, San Jose, CA 95124

Listing Price: $4,130,000

Cap Rate
5.56%
Gross SF
6,704
Rentable SF
1,358
Price/Gross SF
$616.05
Lot Size
0.58 acres
Year Built
1978

Investment Overview

The subject property is an attractive retail strip center located at the signalized intersection of South Bascom and Union Avenue, San Jose, California. It’s surrounded by local and national retailers such as Walgreen’s, McDonald’s, Wendy’s, Domino’s, O’Reilly Auto Parts and more. Newly constructed in 1978, the property was designed to provide tenants excellent street exposure with 180’ of frontage onto South Bascom Avenue with monument and building signage. There is street access from both South Bascom Avenue & Union Avenue that combined has a reported 37,000 daily car count. Area demographics are appealing with a reported 215,370 population within a 3-mile radius of the subject property and $184,104 Average Household Income within this same radius. The city of San Jose has a reported city population of 1.03 million, making it the 3rd largest city in California. This property enjoys long term tenancy with triple net leases that call for annual rent increases. What an opportunity to acquire a well-located retail property within Silicon Valley.

Investment Highlights

  • Attractive retail strip center located in high traffic area
  • Existing tenants serve surrounding local community
  • Corner location at signalized intersection offering for possible owner/user opportunity

Exclusively Listed By

Shopping Regional

2590 South Bascom Avenue

Listing Price: $4,130,000

Cap Rate
5.56%
Gross SF
6,704
Rentable SF
1,358
Price/Gross SF
$616.05
Lot Size
0.58 acres
Year Built
1978

Investment Highlights

  • Attractive retail strip center located in high traffic area
  • Existing tenants serve surrounding local community
  • Corner location at signalized intersection offering for possible owner/user opportunity

Investment Overview

The subject property is an attractive retail strip center located at the signalized intersection of South Bascom and Union Avenue, San Jose, California. It’s surrounded by local and national retailers such as Walgreen’s, McDonald’s, Wendy’s, Domino’s, O’Reilly Auto Parts and more. Newly constructed in 1978, the property was designed to provide tenants excellent street exposure with 180’ of frontage onto South Bascom Avenue with monument and building signage. There is street access from both South Bascom Avenue & Union Avenue that combined has a reported 37,000 daily car count. Area demographics are appealing with a reported 215,370 population within a 3-mile radius of the subject property and $184,104 Average Household Income within this same radius. The city of San Jose has a reported city population of 1.03 million, making it the 3rd largest city in California. This property enjoys long term tenancy with triple net leases that call for annual rent increases. What an opportunity to acquire a well-located retail property within Silicon Valley.

Exclusively Listed By

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