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.