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1004 S Santa Fe Ave 2,343 SF Retail Building Vista, CA 92084 $3,444,000 ($1,469.91/SF) 4.79% Cap Rate
Investment Highlights
- Sale-Leaseback New 15-Year Absolute-NNN Lease – Zero Landlord Responsibilities
- Dense Infill Southern California Location – Real Estate Advantage – Less than 1 Mile from CA Highway 78 (139,000 VPD) On/Off Ramp
- Best-In-Class Tenant/Operator – One of the Largest Jack in the Box Operators in the Country (243 units)
- Highly Desirable North San Diego County Real Estate – Tier 1 Southern California Market
Executive Summary
Lee & Associates is pleased to exclusively offer for sale the fee simple interest in a newly renovated Jack in the Box located at 1004 S. Santa Fe Avenue in Vista, California within North San Diego County. The standalone quick service restaurant totals approximately 2,343 square feet and sits on a 0.42 acre parcel with excellent visibility along S. Santa Fe Avenue, which carries over 21,000 vehicles per day.
The property is located in a dense infill trade area less than one mile from Highway 78, a major east west corridor in North San Diego County with traffic counts exceeding 139,000 vehicles per day. The surrounding five mile radius includes nearly 244,000 residents with average household incomes above $140,000. Vista is a well established North County submarket supported by strong demographics, limited new retail supply, and high barriers to entry, making this offering a compelling long term passive investment in a first tier Southern California market.
The property is located in a dense infill trade area less than one mile from Highway 78, a major east west corridor in North San Diego County with traffic counts exceeding 139,000 vehicles per day. The surrounding five mile radius includes nearly 244,000 residents with average household incomes above $140,000. Vista is a well established North County submarket supported by strong demographics, limited new retail supply, and high barriers to entry, making this offering a compelling long term passive investment in a first tier Southern California market.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,343 SF
Building Class
B
Year Built/Renovated
1985/2026
Price
$3,444,000
Price Per SF
$1,469.91
Cap Rate
4.79%
NOI
$164,968
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.42 AC
Zoning
C-1
Parking
19 Spaces (8.96 Spaces per 1,000 SF Leased)
Frontage
34’ on S Santa Fe Ave
Amenities
- Bus Line
- Signage
- Drive Thru
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 179-080-57 | Improvements Assessment | $969,156 |
| Land Assessment | $1,053,808 | Total Assessment | $2,022,964 |
Property Taxes
Parcel Number
179-080-57
Land Assessment
$1,053,808
Improvements Assessment
$969,156
Total Assessment
$2,022,964
Contacts
-
Ryan Bennett -
Brian Bielatowicz -
Victor Aquilina -
Drew Olson -
Jake Neufeld -
Lee & Associates
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