Country Square Shopping Center
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Country Square Shopping Center
4 Retail Properties Offered at $21,403,797 CAD in San Jose, CA
Investment Highlights
- Over 250’ feet of visibility along Cottle Road and 375’ feet along Santa Teresa Boulevard;
- 85 & 101 Immediate Access
- Signalized Corner of Santa Teresa Boulevard and Cottle Road
Executive Summary
NNN LEASED INVESTMENT
COUNTRY SQUARE SHOPPING CENTER | SAN JOSE, CA.
6171-6199 SANTA TERESA BOULEVARD, SAN JOSE, CA. @ COTTLE ROAD
±24,820 SF RETAIL CENTER
CENTER IS 100% LEASED TO 16 TENANTS.
INVESTMENT SUMMARY:
• SALE PRICE: $15,100,000
• NET OPERATING INCOME: $868,524
• CAP RATE: 5.75%
• TOTAL BUILDING(4) SIZE: ±24,820 SF
• TOTAL LAND AREA: ±2.13 Acres ( ±93,753 SF)
• OCCUPANCY: STABLE OCCUPANCY HISTORY. CURRENTLY +/-95% LEASED (ONE VACANCY)
6175-A: SELLER WILL GUARANTEE RENT FOR 1 YEAR @ 3.25/SF, PAID AT COE IF SPACE NOT LEASED
PROPERTY HIGHLIGHTS:
• Location: Signalized Corner of Santa Teresa Boulevard and Cottle Road;
• Visibility: Over 250’ feet of visibility along Cottle Road and 375’ feet along Santa Teresa Boulevard;
• Exceptional Demographics: Country Square is located within a half mile of the Palm Valley Communities (Villa Veneto, Palma Sorento, and Santa Palmia), and is diagonally across the street from Kaiser Permanente Hospital. There are over 70,000 residents within a 2-mile radius, and over 77,000 residents within a 5-mile radius, with the average household income within a 2-mile radius of approximately $150,000.
• Traffic Counts:
Santa Teresa Boulevard/Cottle Road: 23.7K
Cottle Road/Nature Drive: 18K
Cottle Road/Santa Teresa Boulevard: 30.1K
Santa Teresa Boulevard/Camino Verde Drive: 25.2K
• Parking: ±113 Stalls (±4.55/1,000 SF);
• Year Built: 1979;
• Accessibility: 0.4 Miles to Cottle VTA Light Rail Station;
• Highways: 85 & 101 Immediate Access;
• Zoning: The site is subject to the Santa Teresa Boulevard / Cottle Road Urban Village Plan, part of The Envision San Jose 2040 General Plan which allows for varied land uses.
• APN: 689-29-075 and 689-29-076
COUNTRY SQUARE SHOPPING CENTER | SAN JOSE, CA.
6171-6199 SANTA TERESA BOULEVARD, SAN JOSE, CA. @ COTTLE ROAD
±24,820 SF RETAIL CENTER
CENTER IS 100% LEASED TO 16 TENANTS.
INVESTMENT SUMMARY:
• SALE PRICE: $15,100,000
• NET OPERATING INCOME: $868,524
• CAP RATE: 5.75%
• TOTAL BUILDING(4) SIZE: ±24,820 SF
• TOTAL LAND AREA: ±2.13 Acres ( ±93,753 SF)
• OCCUPANCY: STABLE OCCUPANCY HISTORY. CURRENTLY +/-95% LEASED (ONE VACANCY)
6175-A: SELLER WILL GUARANTEE RENT FOR 1 YEAR @ 3.25/SF, PAID AT COE IF SPACE NOT LEASED
PROPERTY HIGHLIGHTS:
• Location: Signalized Corner of Santa Teresa Boulevard and Cottle Road;
• Visibility: Over 250’ feet of visibility along Cottle Road and 375’ feet along Santa Teresa Boulevard;
• Exceptional Demographics: Country Square is located within a half mile of the Palm Valley Communities (Villa Veneto, Palma Sorento, and Santa Palmia), and is diagonally across the street from Kaiser Permanente Hospital. There are over 70,000 residents within a 2-mile radius, and over 77,000 residents within a 5-mile radius, with the average household income within a 2-mile radius of approximately $150,000.
• Traffic Counts:
Santa Teresa Boulevard/Cottle Road: 23.7K
Cottle Road/Nature Drive: 18K
Cottle Road/Santa Teresa Boulevard: 30.1K
Santa Teresa Boulevard/Camino Verde Drive: 25.2K
• Parking: ±113 Stalls (±4.55/1,000 SF);
• Year Built: 1979;
• Accessibility: 0.4 Miles to Cottle VTA Light Rail Station;
• Highways: 85 & 101 Immediate Access;
• Zoning: The site is subject to the Santa Teresa Boulevard / Cottle Road Urban Village Plan, part of The Envision San Jose 2040 General Plan which allows for varied land uses.
• APN: 689-29-075 and 689-29-076
Data Room Click Here to Access
Property Facts
| Price | $21,403,797 CAD | Number of Properties | 4 |
| Price / SF | $862.36 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 5.92% | Total Building Size | 24,820 SF |
| Sale Type | Investment NNN | Total Land Area | 2.14 AC |
| Status | Active |
| Price | $21,403,797 CAD |
| Price / SF | $862.36 CAD / SF |
| Cap Rate | 5.92% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 24,820 SF |
| Total Land Area | 2.14 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Country Square
6171-6199 Santa Teresa Blvd, San Jose, CA 95123 |
Retail | 9,400 SF | 1979 | - |
| 6175-6179 Santa Teresa Blvd, San Jose, CA 95123 | Retail | 6,900 SF | 1979 | - |
| 6171-6173 Santa Teresa Blvd, San Jose, CA 95123 | Retail | 3,960 SF | 1979 | - |
| 6199 Santa Teresa Blvd, San Jose, CA 95123 | Retail | 4,560 SF | 1979 | - |
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