Conference. Room UITE 30. Storage CA (408) the recipient. tion should be verified by. * Drawings Not Exact/N. Colliers International

Transcription

1 RS INTER NATIO NAL 450 WEST SANTA CLAR A STREE T SAN JOSE, CA (408) The information furnish ed has been obtained 800 from sources we deem Although Colliers Interna reliable and is submitte tional has no reason to d subject to errors, om doubt its accuracy, we do prior to lease, purchase, issions and changes. not guarantee it. All informa exchange, or execution tion should be verified by of legal documents the recipient Colliers International * Drawings Not Exact/N ot To Scale INITIAL Retail for lease AtN.Brokaw first st. Rd Conference Room Storage ox = Lockb UITE 30 GUADALU 380 PE 580Y 80 FW S 5 3 A (4 08 ) changes ns and ipient omissio errors, rified by the rec Scale ect to C LA RA ld be ve Exact/Not To ed subj SA N TA t submitt ormation shou s T i No s d ES n a ing All inf 45 0 W * Draw eliable ntee it. deem r N AL ces we we do not guara ernational RN AT IO m sour Int uracy, RS IN TE ned fro Colliers n obtai ubt its acc nts C O LL IE has bee reason to do me al docu rnished no u f leg s n ha of o l i t IA ution tiona orma The inf Colliers Interna change, or exec INIT L h ex rchase, Althoug lease, pu prior to JO SE, C SA N ST RE ET Y 680FW 80RE 2O BAYSH ce AW RO AD Conferen Room BR OK N FI SUBJECT RST ST REE T ±5,000 Square Feet Restaurant building situated on 1.3 Acres of land 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 2077 N. First Street, San Jose CA Intersection Signalized Intersection: N. First Street at Brokaw Road Access Curb cut s on N. First Street and Brokaw Road Property dimensions Irregation shape parcel Approx 130 frontage on N. First Street Approx 20 frontage on Brokaw Road (See parcel map) APN # Parcel size ± 1.3 acres + ±56,628 square feet Current improvements The site is improvments with an approximate 5,000 SF single story free standing restaurant building that was constructed in approximately 1977 for Denny s Restaurant Group. Zoning I.P./P.D. 3

4 Neighboring area Neighboring area The Subject Property is located at N. First Street and Brokaw Road in San Jose, CA The Subject Property benefits from excellent access via Highway 101, N. First Street and Guadalupe Expressway Brand new Hyatt Park Hotel is uder construction adjacent to the north of the property demographic highlights 3 Mile 5 Mile Population 188, ,492 Average Income $133,572 $120,611 Traffic Counts N. First Street 54,000 + ADT Brokaw Road 29,700 + ADT 4

5 parcel map SUBJECT 5

6 Retail competition map San Jo se,cal i fo rn i a Mineta/San Jose International Airport Light Rail Stop Airport Parkway Sa n Jo se,c A lifo r n i a Ma trix B Metro ou Brokaw Road lev ard Drive Light Rail Stop / Free Airport Shuttle / Free Caltrain Shuttle Sk y p or t D rive N Vito s Active Sports Club Lig orth F ht R irst ail Stre et Pho Viet NYPD Pizza & Dogs Wong Kok 6

7 Major Business map San Jo se,cal i fo rn i a Apple Sa n Jose,CA li for n i a 7

8 Current Status Existing lease with Denny s Restaurant Group will expire on January 10, 2018 with no option to extend. opportunity Option A: Lease the existing approximately 5,000 SF restaurant building Option B: Long term ground lease the entire 1.3 acres of land and construct new improvements Economics Building/Ground Lease Property Tax $18,000 per month + NNN $216,000 per year + NNN $1, per month $18, annual delivery conditions On approximately January 1, 2018, landlord will deliver the premises to the new tenant with existing 5,000 SF building in its current as is condition. New tenant can remodel or demolish. 8

9 Race St. Taylor St. Borregas. Java Dr. raltar Dr. Morse Ave e. Caspian Geneva Dr. Crossman N Fair Oaks Caribbean Dr. Orleans Dr. Central Expwy. Tasman Ave. Duane Ave. Stewart Dr. Arques Ave. Kifer Road Lawrence Expwy. Oak Mead Pky Patrick Henry Dr. Central Expwy. Kifer Road Gold St Great America Parkway Freedom Circle St. Mission College Scott Blvd. Central Expwy. N. First St. At Brokaw Rd Tasman Ave. Montague Expwy. De La Cruz Blvd. Zanker Rd. Trimble Rd. 101 Junction Ave. 880 O Toole Ave. Charcot Ave. Brokaw Old Oakland Road Rd. Ringwood Ave. Trade Murphy Ave. Zone Blvd. Lundy Ave. Hostetter Rd. ino Real e Wolfe Rd. Wolfe Rd. Wolfe Rd. Blvd. Miller Ave Reed Ave Monroe St. El Camino Real El Camino Real Pruneridge Ave Tantau Tantau xpwy. Lawrence Expwy. Benton St Rd. Homestead Rd. Homestead Rd. Pruneridge Ave. Bowers Ave. h Ave. San Tomas Expwy Benton St JOHN B. MACHADO EXECUTIVE VICE PRESIDENT DIRECT: CELL: john.machado@colliers.com CA License No Walsh Ave. Martin Ave. Scott Blvd. El Camino Real Lafayette St. Homestead Rd. Hedding St. Forest Ave. Washington St MINETA/SAN JOSE INT'L Coleman Ave. AIRPORT Berryessa Rd. Taylor St. Colliers International Silicon Valley 450 West Santa Clara Street San Jose, CA De La Cruz Blvd. Park St. 880 Hedding St. Naglee Ave. The Alameda Stevens Creek Blvd. W. San Carlos St. Parkmoor Ave. Park St. N. First St. 87 Taylor St Taylor St St J ames St. Sant a Clara St. San Carlos Vine St. Mabury Alum Rock Ave. 10th St. 11th St. Keyes St. Remillard Ct. Sen Story Rd. McKee Rd. 280 McLaughlin Ave. 101