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1100 Lucretia Ave

2,082 SF Retail Building San Jose, CA 95122 $1,795,000 ($862/SF) 4.50% Cap Rate

Investment Highlights

  • Fixed annual rent increases
  • Infill Silicon Valley/Bay Area location
  • Absolute net lease with corporate guarantee

Executive Summary

EG Group is the world’s leading independent fuel station and convenience retailer, with a diversified portfolio of sites across eight countries in Europe and North America. By 2018 the business operations included 5,000+ sites, employing more than 25,000 people and generating pro forma annualized revenues in excess of $20 Billion globally. As part of its strategy to deliver profitable growth, EG Group partners with premium brands across its product and service offerings. On the fuel side, EG Group partners with prominent fuel brands such as Esso, BP, Shell and Texaco. In convenience retail, the business has cultivated relationships with well-known retail and grocery brands such as SPAR, Louis Delhaize and Carrefour, while EG Group’s food to-go partners include brands such as Starbucks, Subway, Burger King, KFC, Greggs and Pomme de Pain. EG Group has made a significant commitment to delivering a modern consumer retail offer which exceeds
expectations and creates a true ‘one stop’ retail destination to satisfy multiple consumer missions. The business is regularly recognized for
innovation and investment. Zuber Issa and Mohsin Issa, Founders and co-CEOs of EG Group, were jointly named the 2016 NACS Insight European Convenience Industry Leader of the Year.
EG America is one of the fastest growing convenience store retailers in the United States. After acquiring Kroger’s convenience store
portfolio in April 2018 and Cumberland Farms in 2019, EG America established its headquarters in Cincinnati, OH. The company has now grown to 1,700+ stores with locations across the United States. EG America stores Turkey Hill, Kwik Shop, Loaf ‘N Jug, Tom Thumb, Quik Stop, Minnit Mart, Fastrac, and Certified Oil are the convenience stores of EG America, with the mission to grow the family of stores in the coming years.

Property Facts Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,082 SF
Building Class
C
Year Built
1975
Price
$1,795,000
Price Per SF
$862
Cap Rate
4.50%
NOI
$80,827
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.36 AC
Zoning
CG
Parking
8 Spaces (3.84 Spaces per 1,000 SF Leased)
Frontage
94 FT on Lucretia Ave

Amenities

  • Bus Line
  • Food Court
  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Quik Stop
  • -
  • -
  • -
  • Triple Net
  • Aug 2031
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Quik Stop - - - Triple Net Aug 2031
Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Lee's Sandwiches
Happy Lemon
East West Bank
Bambu
Cardenas
Chase Bank
Ono Hawaiian BBQ
Walmart Neighborhood Market
Bank of America
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
477-15-093
Land Assessment
$437,399
Improvements Assessment
$99,746
Total Assessment
$537,145
  • Listing ID: 32115652

  • Date on Market: 6/12/2024

  • Last Updated:

  • Address: 1100 Lucretia Ave, San Jose, CA 95122

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