AutoZone Anchored Strip Center | 5272 Monterey Hwy
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AutoZone Anchored Strip Center 5272 Monterey Hwy
14,000 SF 100% Leased Retail Building San Jose, CA 95111 For Sale
Investment Highlights
- ±14,000 SF NNN rare, 4-unit strip center anchored by AutoZone (NYSE: AZO), a Fortune 300 company
- Strong Demographics with Average Household Incomes in Excess of $171,000 in a 3-Mile Radius
- Strategically positioned on the highly trafficked Monterey Highway - Minutes from 101
- The center recently completed major interior and exterior improvements
Executive Summary
• 5272 Monterey Hwy is a ±14,000 SF NNN rare, 4-unit strip center anchored by AutoZone
(NYSE: AZO), a Fortune 300 company, Edenvale Liquors, Cloud9/Cricket Wireless, and Sol
De Nayarit Mexican restaurant. The subject property is on one parcel, with an average
rent of $1.89 per square foot, which is well below the market rate for Monterey Rd.
• This center is part of a multi-owner shopping center, and the building is approximately
2/3 of a 24,000 SF, eight tenant building.
• The center recently completed major interior and exterior improvements. These
improvements include a new asphalt shingle mansard roof, an updated façade and
exterior paint, new tenant signage, asphalt slurry and re-striping, and a renovated waste
system.
• Located in one of the highest barrier-to-entry markets in Silicon Valley, the property is
zoned for Neighborhood/Community Commercial use. The current price per square foot
is below current replacement costs. The shopping center is strategically positioned on
the highly trafficked Monterey Highway.
• The rear 0.5 Acre lot provides a potential value-add opportunity to build additional
square footage or establish a ground lease.
(NYSE: AZO), a Fortune 300 company, Edenvale Liquors, Cloud9/Cricket Wireless, and Sol
De Nayarit Mexican restaurant. The subject property is on one parcel, with an average
rent of $1.89 per square foot, which is well below the market rate for Monterey Rd.
• This center is part of a multi-owner shopping center, and the building is approximately
2/3 of a 24,000 SF, eight tenant building.
• The center recently completed major interior and exterior improvements. These
improvements include a new asphalt shingle mansard roof, an updated façade and
exterior paint, new tenant signage, asphalt slurry and re-striping, and a renovated waste
system.
• Located in one of the highest barrier-to-entry markets in Silicon Valley, the property is
zoned for Neighborhood/Community Commercial use. The current price per square foot
is below current replacement costs. The shopping center is strategically positioned on
the highly trafficked Monterey Highway.
• The rear 0.5 Acre lot provides a potential value-add opportunity to build additional
square footage or establish a ground lease.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,000 SF
Building Class
C
Year Built
1964
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.31 AC
Zoning
C2H - Commercial Development
Parking
60 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
210 FT on Monterey Hwy
Amenities
- Signage
- Monument Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $653,505 | |
| Land Assessment | $317,945 | Total Assessment | $971,450 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$317,945
Improvements Assessment
$653,505
Total Assessment
$971,450
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AutoZone Anchored Strip Center | 5272 Monterey Hwy
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