2400-2410 Monterey Hwy

2400-2410 Monterey Hwy , San Jose, California, 95111 | 5,000 sq.f | $ 4,500,000

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About This Restaurant

Investment Highlights

Lessees include: Monterey Breeze bar & restaurant, Monterey Auto Service, taco truck spot and billboard. Seller Financing Available. Contact broker for more details. Corner lot, located at the corner of Old Tully and Monterey Hwy. Newly paved parking lot. Tenants pay utilities. Landlord pays only property insurance and property tax. Traffic Count: 35,000+ ADT along this section of Monterey Hwy.

Executive Summary

NAI Northern California is pleased to present for sale this multi tenant retail-commercial property located on a high traffic corridor of Monterey Highway in San Jose, CA. Nestled between I-680 to the north, Hwy-87 to the west and Hwy-101 to the east, this offering consists of 4 tenants in total between 2 buildings on one highly visible 0.62 AC corner lot.Proximity to various industrial parks, residential developments, greenspaces and other retail also contributes to this property's continued success.** Seller Financing Available** contact broker for details.

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Auto Repair General Retail Bar Restaurant
  • Building Size    5,000
  • Building Class    C
  • Year Built/Renovated    1960/2022
  • Price    4,500,000
  • Price Per SF    900
  • Cap Rate    4.65
  • NOI    209,099
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.19
  • Land Acres    0.62 AC

Nearby Amenities & Transportation

Retail Grocery Outlet
Retail Wingstop
Retail Five Guys
Retail IHOP
Retail Starbucks
Retail Famous Dave's
Retail Applebee's
Retail Halal Guys
Retail Erik's Deli Cafe
Retail L & L Hawaiian Barbecue

Property Taxes

Parcel Number 497-38-018 Improvements Assessment $2,080,800
Land Assessment $3,121,200 Total Assessment $64,941 (12.99/SF)
Date Created: 2024-07-16 04:09:25 Last Updated: 2024-07-16 04:09:25
Address: 2400-2410 Monterey Hwy , San Jose, California, 95111