2 N. jackson Ave. For sale or lease. ± 0.71 acre land parcel / ±30,927 Square Feet. At Alum rock Ave San Jose,CAlifornia SUBJECT N JACKSON AVE
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1 For sale or lease At Alum rock Ave SUBJECT N JACKSON AVE ALUM ROCK AVE ± 0.71 acre land parcel / ±30,927 Square Feet JOHN B. MACHADO EXECUTIVE VICE PRESIDENT DIRECT: CELL: john.machado@colliers.com CA License No COLLIERS INTERNATIONAL Silicon Valley 450 West Santa Clara Street San Jose, CA
2 bay area maps SUBJECT SUBJECT 2
3 property information Address 2 N. Jackson Ave, San Jose CA Intersection Jackson Alum Rock Ave (north / east signalized corner Access Curb Cut s access on Jackson Ave & Alum Rock Ave Property dimensions Approx 218 frontage Alum Rock Ave Approx 160 frontage Jackson Ave (irregation shape see exhibit) APN # parcel size ± 0.71 acres + ±30,927 Square feet Current improvements The current improvements consist of approximately ±3,430 sq ft free standing restaurant building constructed for Carl s Jr. Restaurant built in approx Zoning The subject property is located in MSG (Main Street) District (see City of San Jose zoning Main Street District). MSG Main Street ground floor commercial district is intended to provide a mixture of ground floor retail/restaurants with residential units above. For allowed uses in the MSG District please review City of San Jose ordinances section
4 Neighboring area Neighboring area The Subject Property is located at the signalized intersectionof Alum Rock Ave and Jackson Ave in San Jose, CA The Subject Property has excellent Access strategically located between Hwy 101 to the West and Hwy 680 one Parcel to the East Alum Rock Ave is in the process of a Revitalization and eventually will have a Light Rail Train Running East & West. demographic highlights 1 Mile 3 Mile 5 Mile Population 51, , ,473 Average Income $72,816 $86,418 $93,364 Traffic Counts Alum Rock Ave 22,500 Cars per day Jackson Ave 25,300 Cars per day 4
5 parcel map SUBJECT Zoning C2 - Commercial Retail / restaurant s / financial 5
6 Retail competition map Capitol Square Mall MCKEE RD JACKSON AVE 680 White Road Plaza ALUM ROCK AVE 2 N. Jackson Ave San Jose, CA Mercado SuVinda 101 E. CAPITOL EXPY Mt Pleasant Shopping Center 6
7 Current Status Existing lease with Carl s Jr Restaurant is month to month. Existing improvements opportunity Long term unsubstantiated ground lease/sale Economics Ground Rent $12,500 Month Net $150,000 Annual Net Sale $2,850,000 $92.15 per SF on land delivery conditions Existing ±3,420 square feet restaurant building will remain. New tenant/owner has option to remodel or demolish. Environmental To the best of ownership knowledge there is no environmental condition that would impact the redevelopment of the subject property new tenant to independently confirm. 7
8 At Alum rock Ave N. Jackson Ave. McKee Rd. REGIONAL MEDICAL CENTER OF SAN JOSE Alum Rock Ave. King Rd. 680 E. San Antonio St. S. Capitol Ave. S. White Rd. 101 Story Rd. JOHN B. MACHADO EXECUTIVE VICE PRESIDENT DIRECT: CELL: john.machado@colliers.com CA License No Colliers International Silicon Valley 450 West Santa Clara Street San Jose, CA
Free Standing denny s restaurant on ±1.3 Acres of land $5,800,000 ABSOLUTE NET
For Sale Free Standing denny s restaurant on ±1.3 Acres of land $5,800,000 ABSOLUTE NET 2077 N 1st Street, San Jose, CA Exclusive Agent: JOHN B. MACHADO EXECUTIVE VICE PRESIDENT DIRECT: +1 408 282 3862
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