SAN JOSE SHOPPES

INVESTMENT HIGHLIGHTS

• PRIME URBAN RETAIL LOCATION: Centrally located in San Jose, CA, with 27,611 SF of retail space across twelve units.
• MODERNIZED PROPERTY FEATURES: Built in 1980, the property has been modernized with renovations that include a re-coated roof, new gutters, downspouts, and upgraded exterior lights, enhancing both security and curb appeal. Additional improvements include exterior building repairs and painting, restriping of the parking lot section with refreshed curb paint, and upgrades to the monument sign. Landscaping has been enhanced, along with pest proofing and control measures. The roof has undergone waterproofing and drainage improvement, while the red roof adds to the property’s curb appeal. Backflow infrastructure and major plumbing repairs have been addressed to ensure the property’s long-term functionality.
• FULLY OCCUPIED WITH STABLE TENANTS: 11/12 units are occupied, including Mercado Market and a mix of food and service-oriented tenants that have proven stability over multiple years.
• INVESTOR-FRIENDLY LEASE STRUCTURE: NNN leases with recent rent increases, still at 80% of market rates, offer potential upside through CPI-based
  increases while minimizing landlord responsibilities.
• HIGH-TRAFFIC, ACCESSIBLE LOCATION: Positioned on Monterey Highway, visible to all three lanes of traffic, with easy access to Highways 101 and 85, and surrounded by significant retail and schools.
• SILICON VALLEY ADVANTAGE: Located in San Jose, a major hub in Northern California and home to several tech giants, providing a strong market for retail businesses.