Via Mote Drive for Burger King and Walgreens

5723 and 5719 Via Monte Drive are fourplexes located in San Jose, CA that were exchanged for a single-tenant property. 5723 Via Monte Drive was exchanged for a Walgreens in Madera, CA. 5719 Via Monte Drive was exchanged for a Burger King in Uintah, UT.

Burger King is one of the largest fast-food restaurants in the world with over 20,000 locations. The one at 6628 S 2500 E, Uintah is located next to the U.S. 89 and Interstate 84 junction while Hill Air Force Base is just 20 minutes away. It’s currently being leased by a franchisee that is well established in the community.

Walgreens is the second-largest pharmacy store chain in the United States. Given its location next to a shopping center, this property is in an ideal position to serve “The Heart of California”.

Investment Highlights

  • Burger King is a new building in an ideal location.

  • Walgreens is in a highly-populated area and next to the main streets.

  • Both properties are single-tenant on a Triple-Net Lease.

  • The new properties offer the investor increased cash flow with little to no management.

5723 Via Monte Drive and 5719 Via Monte Drive are four-unit properties located in South San Jose. The unit mixes are 2 bedroom / 1 bathroom flats that are 800 square feet each. Both properties sit on a .17 acre (or 7,440 square feet) lot. Both properties have on-site parking in the rear while ample street parking is available. There is an on-site laundry room as an added convenience for the residents and for additional income for the owner.

Investment Highlights

  • Property has undergone extensive interior and exterior renovations.

  • Large units averaging over 800 sqft each.

  • Located within walking distance of several shopping centers.