Retail Space at 375 North Capitol Avenue Listed by Tim Kuruzar and Bryan Ley
$33,300,000
375 North Capitol Avenue, San Jose, CA 95133
101,500 SF
Square Feet
$328
PPSF
6.00%
CAP
Property Description
NOI
$1,998,000
Cap Rate
6.00%
The Northmarq National Shopping Center Group, as the exclusive advisor, is pleased to present the opportunity to acquire 375 Capitol Square (the “Property”), a grocery anchored, 101,500 squarefoot shopping center located in the heart of Silicon Valley. The Property is anchored by Sprouts Farmers Market, Burlington, Five Below and Crunch fitness, and boasts a long term WALT of 8.6 years, yielding stable cashflow for a significant period. Located in San Jose, one block east from the Interstate 680 (191,000 VPD) at the highly trafficked intersection of McKee Rd (41,000 VPD) and N Capitol (32,000 VPD), the Property sits within a larger shopping center, shadow anchored by a variety of quick-service restaurants and convenience stores.
- National Credit Tenant Lineup
- Grocery Anchor
- Recent Renovation & Recent Long-Term Leases
- Outparcel Opportunity
- Future Upside in Growth - EV Chargers
- Prime Location & Robust Demographics
- Strategic Silicon Valley Positioning
- Affluent Submarket
Property Details
Asset Type
Retail
Year Built
1975
Zoning
CG
Lot Size
8 SF
Neighborhood
San Jose
Submarket
San Jose
ZIP
95133
Renovated
2024
Listing Type
sale
Net Operating Income (NOI)
$3,169,827
Debt Service Coverage Ratio (DSCR)
1.67x
Cap Rate
9.52%
Cash Flow (Annual)
$1,275,519
Cash-on-Cash Return
15.32%
Monthly Debt Service
$157,859
Annual Debt Service
$1,894,308
View on Map
Address
375 North Capitol Avenue
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San Jose Retail Market Snapshot
Boundary boundary · Retail · Sale
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