NNN Goodyear Outparcel

San Jose, CA

$3,655,000

Price

4.5%

Cap Rate

$164,444

NOI

Overview
Cap Rate
4.5%
NOI
$164,444
Building Size
5,000 sqft
Lot Area
0.6 acres
Tenancy
Single
Lease Expire Year
8/15/2028
Description

Call for Offers April 6, 2020

Newly Extended NNN Lease, Outparcel to Valley Fair Mall:
-Corporate guaranty with Goodyear Tire and Rubber Co. (NASDAQ:GT)
-New 10-year lease renewal; 3% annual increases
-Goodyear has been successfully operating at the site since 1993
-Ease of management NNN lease

Pad to 2.2 Million Square Foot Valley Fair Mall: Among the most prominent malls in the U.S., serving 22 million annual visitors as the luxury retail hub anchored by Nordstrom, Macy’s, Bloomingdale's, Apple, Louis Vuitton, Boss, Prada, Burberry, Cartier, Carolina Herrera, Coach, Dior, Saint Laurent, Salvatore Ferragamo, Tiffany & Co., and Versace

Major Mall Re-Investment: Westfield just completed a $1.1 billion renovation with 550,000 square feet, 100 new stores and restaurants, and 2,500 new parking spaces

High-Density Retail, Residential, and Business District: Adjacent to the award-winning, upscale Santana Row that draws over 15 million annual visitors

International Technology and Science Hub: Within 10 miles of the subject property are some of the largest tech and science companies in the world, including Apple (Headquarters), Google, Yahoo! (Headquarters), Netflix (Headquarters), and others

Most Affluent County in California; Capital of the Silicon Valley: 3rd most populous city in California, 10th most populous city in the U.S., and #1 most affluent county in California with an average household income of more than $157,700

Documents
Title
CLICK HERE FOR COMPLETE OFFERING MEMORANDUM
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Location
Gallery