Description

1130 Foxworthy Ave is a 14,852 SF retail property for sale at 1130 Foxworthy Avenue in San Jose, CA. The 2012 building is fully occupied, with Walgreens as the master tenant and a local furniture retailer operating under a sublease.

For retail investors, the drive-thru, 117 parking spaces and 1.25-acre parcel give the asset a defined physical profile beyond its income stream. The property is zoned Neighborhood/Community Commercial and has a 7.88 per 1,000 SF parking ratio. Walgreens holds the NNN master lease, while Unique Furniture occupies the building under a sublease. That structure makes both the master lease and the sublease important to the ownership story.

The property sits at the signalized intersection of Almaden Expressway and Foxworthy Avenue. Traffic on Almaden Expressway is 25,981 AADT, placing the building and its drive-thru in view of passing motorists. Nearby retail includes Dunkin’, while the surrounding trade area includes other shops and services. For a buyer, the intersection exposure and parking reinforce the property’s retail positioning alongside the existing tenancy.

The asking price is $7,945,000, or $534.93 PSF, with a 7.78% cap rate and $619,476 in-place NOI. Those figures frame an occupied retail acquisition whose income is tied to the Walgreens master lease and the furniture retailer’s sublease. The 2012 construction, drive-thru and corner position add a distinct property profile to the investment terms. Review the Offering Materials for the next step in examining the transaction.