NEW PRICE Silicon Valley Walgreens For Sale | 1130 Foxworthy Ave
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NEW PRICE Silicon Valley Walgreens For Sale 1130 Foxworthy Ave
14,852 SF Retail Building San Jose, CA 95118 $12,900,000 ($869/SF)
Investment Highlights
- Rare Silicon Valley NNN Leased Walgreens on Almaden Expy and Foxworthy Ave
- 13 Years of Primary Term Remaining
- 2012 Construction Build with a Drive-Thru Pharmacy
- Rare 10% Rental Increases Every 10 Years
- Assumable Financing with Attractive 4.35% Interest Rate - Loan Balance of Approx. $4,800,000
- Signalized Intersection with Exposure to Over 50,000 Vehicles Per Day
Executive Summary
- Rare Silicon Valley NNN leased Walgreens located on Almaden Expy and Foxworthy Ave. IN ALMOST BRAND-NEW CONDITION, MUST SEE, EXTREMELY BUSY STORE, HUGE TRAFFIC COUNTS ON THIS BUSY EXPRESSWAY.
- Rare 10% increases every 10 years.
- 13 years of primary term remaining with a total of 75 years on the lease. Tenant has option to terminate lease with 12-month notice after 08/31/2037.
- Assumable financing with attractive 4.35% interest rate, loan balance of approx. $4,800,000.
- Tenant responsible for all taxes, insurance, and maintenance (excluding roof and structure).
- 2012 construction build with a drive-thru pharmacy.
- 117 parking spaces.
- Relocation from a 40-year location 0.50-miles away at the corner of Almaden Expy and Koch Ln.
- High barrier to entry market.
- Dense population with 1,363,104 in a 10-mile radius.
- Strong demographics with household incomes of $171,218 in a 1-mile radius.
- Located on the corner of Almaden Expy and Foxworthy Ave near Capitol Expressway.
- Signalized intersection with exposure to over 50,000 vehicles per day.
- Large 1.25-acre lot in the neighborhood/community commercial general plan designation and Almaden Expressway/Hillsdale Avenue urban village designation. More info at DavidTaxin.com
- Rare 10% increases every 10 years.
- 13 years of primary term remaining with a total of 75 years on the lease. Tenant has option to terminate lease with 12-month notice after 08/31/2037.
- Assumable financing with attractive 4.35% interest rate, loan balance of approx. $4,800,000.
- Tenant responsible for all taxes, insurance, and maintenance (excluding roof and structure).
- 2012 construction build with a drive-thru pharmacy.
- 117 parking spaces.
- Relocation from a 40-year location 0.50-miles away at the corner of Almaden Expy and Koch Ln.
- High barrier to entry market.
- Dense population with 1,363,104 in a 10-mile radius.
- Strong demographics with household incomes of $171,218 in a 1-mile radius.
- Located on the corner of Almaden Expy and Foxworthy Ave near Capitol Expressway.
- Signalized intersection with exposure to over 50,000 vehicles per day.
- Large 1.25-acre lot in the neighborhood/community commercial general plan designation and Almaden Expressway/Hillsdale Avenue urban village designation. More info at DavidTaxin.com
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,852 SF
Building Class
B
Year Built
2012
Price
$12,900,000
Price Per SF
$869
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Land Acres
1.25 AC
Zoning
CN(PD) - Commercial
Parking
117 Spaces (7.88 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Car Charging Station
PROPERTY TAXES
| Parcel Number | 451-06-074 | Improvements Assessment | $7,586,942 |
| Land Assessment | $4,658,853 | Total Assessment | $12,245,795 |
PROPERTY TAXES
Parcel Number
451-06-074
Land Assessment
$4,658,853
Improvements Assessment
$7,586,942
Total Assessment
$12,245,795
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Power Broker David Taxin -
Jeremy Awdisho -
Meacham Oppenheimer
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NEW PRICE Silicon Valley Walgreens For Sale | 1130 Foxworthy Ave
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