This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Bloom Plaza 5647-5681 Snell Ave

106,295 SF 100% Leased Retail Building San Jose, CA 95123 For Sale

Investment Highlights

  • Generational Piece – Rare Opportunity. First Time on the Market
  • Absolute Triple Net Multi-Tenant Leases with Annual Rent Increases
  • Transit Oriented Location – Adjacent Snell Avenue VTA Light Rail Station at Hwy 85 & Blossom Hill Off-Ramp
  • Fee Simple Title. Multi-Tenant (28) NNN Leased Investment
  • No Existing Financing
  • Future High Density Urban Village Development Zoning

Executive Summary

Generational Piece – Rare Opportunity. First time on the market. Asking Price: Best Offer
Current Annual NNN Income: $1,949,459* (assumes 100% occupancy as of 11-1-23). 95.6% Leased (4 vacancies), neighborhood center with a diverse mix of 28 tenants. Fee simple title. Multi-tenant (28) NNN leased investment with annual rent increases in shop leases. Absolute triple net multi-tenant leases with annual rent increases. (Tenants reimburse for taxes, insurance and common area fees, plus property management, PLUS 10% Admin fee, parking lot, roof and HVAC repairs & replacement). No existing financing – Buyer can structure new financing that best suits its needs.
106,295 SF Total Building GLA – on 11.2288 Acres Land
Transit oriented location – adjacent Snell Avenue VTA Light Rail Station at Hwy 85 & Blossom Hill off-ramp. Includes 2 below market anchor ground leases: CVS Pharmacy & Pet Club. Significant Upside Potential when 2 anchor ground leases expire. +200% increase in annual NNN income. Long term, well established tenants – Bank of America 51+ yrs., CVS Pharmacy and Save Mart (Pet Club) 48+ yrs., Togo’s & Aqui Restaurant 30+ yrs. E-Commerce resistant tenants – 89% of shops. Tenants are service or restaurant oriented. Future high density Urban Village Development Zoning. Professionally managed property with no deferred maintenance – Absolute NNN asset.

Data Room Click Here to Access

Property Facts Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
106,295 SF
Building Class
B
Year Built
1975
NOI
$1,949,459
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
11.23 AC
Zoning
C1 - Commercial Neighborhood; 2040 General Plan Urban Village
Parking
5 Spaces per 1,000 SF Leased

Amenities

  • Banking
  • Bus Line
  • Corner Lot
  • Restaurant
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Monument Signage
  • Air Conditioning
Walk Score ®
Very Walkable (74)
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

Bank of America
Chase Bank
7 Leaves Cafe'
Happy Lemon
U.S. Bank
Victory Martial Arts
Nob Hill Foods
Peet's Coffee
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 687-26-012
  • 687-26-020
  • 687-26-018
  • 687-26-026
  • 687-26-037
  • 687-26-019
Land Assessment
$18,109,194
Improvements Assessment
$13,848,271
Total Assessment
$31,957,465
  • Listing ID: 29148435

  • Date on Market: 7/31/2023

  • Last Updated:

  • Address: 5647-5681 Snell Ave, San Jose, CA 95123

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}