16795 Monterey Rd Local commercial 599 m² 100 % Loué À vendre Morgan Hill, CA 95037 2 301 790 € (3 841,28 €/m²) Taux de capitalisation 5,03 %

Offering Memorandum available upon request. Yellowstone Investments is pleased to exclusively present for sale this exceptional ±6,450-square-foot mixed-use commercial property located at 16795 Monterey Rd, Morgan Hill, CA. Situated on a ±25,758-square-foot lot and built in 1990, this asset offers a prime investment opportunity in the heart of one of South Bay’s most dynamic submarkets.
The property is currently 100% occupied by three established tenants: Crystal Nails Boutique, September Day Spa, and Elite Barber College. These tenants occupy approximately 30%, 30%, and 40% of the building respectively, and each unit includes its own private bathroom for tenant convenience. Crystal Nails also features a kitchen, enhancing functionality for its business use.
All leases include 3% annual rent increases, providing built-in revenue growth. Additionally, Crystal Nails Boutique and September Day Spa hold options to extend, supporting long-term tenancy stability. The property features a mix of NNN and gross leases, presenting an immediate value-add opportunity for a new owner to convert all leases to NNN, significantly reducing owner-paid expenses. The property is serviced by two separate water meters—one for interior use and one for landscaping—further supporting efficient expense allocation.
The building has undergone over $450,000 in recent capital improvements, and each tenant has also invested significantly in their respective spaces, demonstrating long-term commitment and pride of operation. The site offers ±23 parking spaces, ensuring ample on-site parking for customers and staff.
Located directly on Monterey Highway, one of Morgan Hill’s most traveled commercial corridors, the property enjoys excellent visibility, strong daily traffic counts, and convenient regional access. With minimal upkeep requirements, established tenants, and future upside through lease restructuring, this asset provides a stable income stream and long-term growth potential in a high-demand retail corridor of South Silicon Valley.