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Red, White & Blue Thrift Store | 10 Yr Lease 1655 Euclid Ave 30,778 SF Retail Building San Diego, CA 92105 $10,680,000 ($347.00/SF) 5.85% Cap Rate
Investment Highlights
- 10-Year Lease | Scheduled 10% Rental Increases | Well-Known and Growing Brand
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
- Signalized, Hard Corner Intersection | Centralized Location |San Diego International Airport (25.24M Passengers in 2024)
- NN Lease | Fee Simple Ownership | Limited Responsibilities
- San Diego Marketplace (Top 90th Percentile, Per Placer.Ai) | San Diego State University (41,000+ Students) | Dense Corridor
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, NN leased, Red White & Blue Thrift Store located in San Diego, California. The tenant, Valley Thrift Store, LLC recently signed a 10-year lease with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. With 30 locations across the U.S., Red White & Blue Thrift Stores are a premier shopping destination offering high-quality, second-hand used items, from top-notch apparel to home furnishings and more.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
30,778 SF
Building Class
C
Year Built/Renovated
1959/2025
Price
$10,680,000
Price Per SF
$347.00
Cap Rate
5.85%
NOI
$624,793
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Zoning
CA-RR
Parking
106 Spaces (3.44 Spaces per 1,000 SF Leased)
Frontage
191’ on Euclid Ave
Amenities
- Dedicated Turn Lane
- Signage
- Air Conditioning
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 542-310-04 | Improvements Assessment | $1,560,600 |
| Land Assessment | $3,641,400 | Total Assessment | $5,202,000 |
Property Taxes
Parcel Number
542-310-04
Land Assessment
$3,641,400
Improvements Assessment
$1,560,600
Total Assessment
$5,202,000
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Red, White & Blue Thrift Store | 10 Yr Lease | 1655 Euclid Ave
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