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FULLY LEASED 7-11 NNN STRIP IN SUNNYVALE | 615-621 Old San Francisco Rd
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FULLY LEASED 7-11 NNN STRIP IN SUNNYVALE 615-621 Old San Francisco Rd
4,800 SF 100% Leased Retail Building Sunnyvale, CA 94086 $4,285,000 ($893/SF) 5.25% Cap Rate
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INVESTMENT HIGHLIGHTS
- Rare Fully Leased NNN Investment Opportunity in Core Silicon Valley Market
- Long-Term Leases with Inflation Protection
- Recent Facade Upgrade and Remodel
- 5.25% Cap Rate on Current Net Operating Income
- Recession Proof Tenants
- One of the Highest Median Household Income (~$157,000) Area in the Nation
EXECUTIVE SUMMARY
S&T Group of Marcus & Millichap is pleased to bring to market a fully leased 7-11 Strip Center in Sunnyvale, CA. This Offering is an incredible opportunity to acquire a NNN Investment in a core Bay Area market.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
4,800 SF
Building Class
C
Year Built/Renovated
1969/2023
Price
$4,285,000
Price Per SF
$893
Cap Rate
5.25%
NOI
$225,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.40 AC
Zoning
C1
Parking
22 Spaces (4.58 Spaces per 1,000 SF Leased)
Frontage
102 FT on Old San Francisco Rd
AMENITIES
- Pylon Sign
Bike Score®
Biker's Paradise (91)
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 209-19-019 | Improvements Assessment | $357,000 |
Land Assessment | $2,346,000 | Total Assessment | $2,703,000 |
PROPERTY TAXES
Parcel Number
209-19-019
Land Assessment
$2,346,000
Improvements Assessment
$357,000
Total Assessment
$2,703,000
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FULLY LEASED 7-11 NNN STRIP IN SUNNYVALE | 615-621 Old San Francisco Rd
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