For Sale Free Standing denny s restaurant on ±1.3 Acres of land $5,800,000 2077 N 1st Street, San Jose, CA Exclusive Agent: JOHN B. MACHADO EXECUTIVE VICE PRESIDENT DIRECT: +1 408 282 3862 CELL: + 1 408 234 2606 john.machado@colliers.com CA License No. 00876747 COLLIERS INTERNATIONAL Silicon Valley 450 West Santa Clara Street San Jose, CA 95113 www.colliers.com
bay area maps SUBJECT SUBJECT 2
GUADALUPE FWY 87 BAYSHORE FWY 101 BROKAW ROAD SUBJECT N FIRST STREET 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 # 101-06-001 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. 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 188,160 637,492 Average Income $133,572 $120,611 Traffic Counts N. First Street 54,000 + ADT Brokaw Road 29,700 + ADT 5
offering the subject property is offered for sale at $5,800,000 Lease status Existing NNN Lease with Paragon Restaurant Group DBA Denny s is set to expire on January 31, 2019 with no option to extend Current Rent is $16,000.00 per month. $192,000.00 Annual In addition to Base Rent, Tenant pays: All Real Property Taxes Insurance All Building and Site Maintenance opportunity New Ownership Could Possibly: Redevelop the Site Own and operate a Restaurant Extend Lease with Current Tenant 6
parcel map SUBJECT 7
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 8
Major Business map San Jo se,cal i fo rn i a Apple Sa n Jose,CA li for n i a 9
Race St. Taylor St. Borregas. Java Dr. raltar Dr. Morse Ave e. Caspian Geneva Dr. Crossman N Fair Oaks Caribbean Dr. Orleans Dr. 237 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 237 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: +1 408 282 3862 CELL: + 1 408 234 2606 john.machado@colliers.com CA License No. 00876747 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 95113 www.colliers.com 280 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