Target Retail
For Sale
Contact for pricing
2155 Morrill Avenue, San Jose, CA 95132
Freestanding retail asset with an absolute NNN lease and tenant responsibility for roof, structure, and parking.
Property Size120,000 SF
Lot Size9.02 Acres
Days on Market145
Property Features for 2155 Morrill Avenue
General Information
Standard status
Active
Size
120,000 SF
Lot size
9.02 Acres
Property subtype
Retail
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Faris Lee Investments
(949) 221-1810
Listed By:
Jeff Conover · License #CA 01008195
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 3:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
Investment Insights
Based on property information with market context.
This retail property includes a 120,000 SF building on 9.02 acres with a fee-simple ownership interest in the land and improvements. Target occupies the property under an absolute NNN lease, with the tenant responsible for the roof, structure, and parking. The lease includes rental increases every 5 years, with the next increase identified as 2019.
The property is positioned at 2155 Morrill Avenue in San Jose, California, on I-680 and at a signalized hard-corner intersection. The surrounding trade area includes more than 1.2 million people and over 677,000 employees within 10 miles, along with residential development activity totaling over 7,000 planned units. Great Mall of Bay Area, a 1.36MillionSF outlet mall, is nearby.
Historical occupancy is stated at 27 years. The lease runs through 2019 and includes three 5-year options, while the ownership structure also allows consideration of future redevelopment.
The property is positioned at 2155 Morrill Avenue in San Jose, California, on I-680 and at a signalized hard-corner intersection. The surrounding trade area includes more than 1.2 million people and over 677,000 employees within 10 miles, along with residential development activity totaling over 7,000 planned units. Great Mall of Bay Area, a 1.36MillionSF outlet mall, is nearby.
Historical occupancy is stated at 27 years. The lease runs through 2019 and includes three 5-year options, while the ownership structure also allows consideration of future redevelopment.
Key Highlights
- 120,000 SF retail building on 9.02 acres
- Absolute NNN lease with tenant responsible for roof, structure, and parking
- Fee‑simple ownership includes both land and building
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
380k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 27%
Shops & Services 26%
Groceries 24%
Dining 23%
Target
Superstores
101,773 visits/mo
0.1 miles
Seafood City
Groceries
90,501 visits/mo
0.2 miles
McDonald's
Dining
29,324 visits/mo
0.3 miles
ARCO
Shops & Services
22,847 visits/mo
0.1 miles
Starbucks
Dining
18,543 visits/mo
0.2 miles
Demographics for 95132, CA
40,426
Population
12,391
Households
3.3
Avg Household Size
41
Median Age
50%
College-Educated
87%
High-School Grad
27.4 sq mi
ZIP Area
1,475
Density / Sq Mi
$172,266
Median Household Income
$66,364
Median Earnings
$3,092
Median Rent
$1,263,600
Median Home Value
Market
Vacancy Rate% for Retail in San Jose, CA
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail asset with an absolute NNN lease and tenant responsibility for roof, structure, and parking.
Where is this retail space located?
The property is located at 2155 Morrill Avenue San Jose, CA.
What are key features of this property?
This property features: 120,000 SF retail building on 9.02 acres; Absolute NNN lease with tenant responsible for roof, structure, and parking; Fee‑simple ownership includes both land and building
