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United Pacific: San Diego, CA (Sunset Cliffs) 2305 Sunset Cliffs Blvd 1,375 SF Retail Building San Diego, CA 92107 $3,800,000 ($2,763.64/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Increases
- Long-Term Operating History
- San Diego-Chula Vista-Carlsbad, CA MSA Advantage
- High Barriers to Entry
- Intrinsic Underlying Value
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the 1,375-square-foot United Pacific gas station and convenience store positioned on 0.31 acres in San Diego, California. The site is subject to a ±8.7-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the three, 5-year renewal options.
Business is not for sale
Business is not for sale
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,375 SF
Building Class
C
Year Built
1967
Price
$3,800,000
Price Per SF
$2,763.64
Cap Rate
5%
NOI
$190,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.31 AC
Zoning
C-C-4-5, San Diego
Parking
6 Spaces (4.36 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signalized Intersection
Walk Score®
Very Walkable (82)
Bike Score®
Biker's Paradise (97)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 448-440-20 | Improvements Assessment | $497,430 |
| Land Assessment | $2,184,840 | Total Assessment | $2,682,270 |
PROPERTY TAXES
Parcel Number
448-440-20
Land Assessment
$2,184,840
Improvements Assessment
$497,430
Total Assessment
$2,682,270
CONTACTS
-
Thomas Carr -
Ty Grenier -
Christopher Bosworth -
Brian Pfohl -
Ryan Gurman -
Brian Yoshimura -
Joel Wilson -
Leah Lindell -
Kaitlyn Wolf -
Abby Kelly -
CBRE
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United Pacific: San Diego, CA (Sunset Cliffs) | 2305 Sunset Cliffs Blvd
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