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United Pacific: San Diego (47th St) 235 S 47th St 1,236 SF Retail Building San Diego, CA 92113 $5,639,347 ($4,562.58/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Irreplaceable location with high barriers to entry for new gas competitors.
- Infill location with strong underlying intrinsic value.
- Operating history of 41 years.
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the 1,092 SF United Pacific fuel and convenience store located on 0.45 acres in San Diego, CA - a component of the San Diego–Chula Vista–Carlsbad, CA MSA. The site is subject to a ±8.8-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
BUSINESS IS NOT FOR SALE
BUSINESS IS NOT FOR SALE
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
1,236 SF
Building Class
C
Year Built
1971
Price
$5,639,347
Price Per SF
$4,562.58
Cap Rate
5.75%
NOI
$324,262
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
6 Spaces (4.85 Spaces per 1,000 SF Leased)
Frontage
64’ on S 47th St
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 547-460-08 | Improvements Assessment | $526,683 |
| Land Assessment | $4,837,860 | Total Assessment | $5,364,543 |
PROPERTY TAXES
Parcel Number
547-460-08
Land Assessment
$4,837,860
Improvements Assessment
$526,683
Total Assessment
$5,364,543
CONTACTS
-
Thomas Carr -
Ty Grenier -
Christopher Bosworth -
Brian Pfohl -
Leah Lindell -
Abby Kelly -
Kaitlyn Wolf -
Katie Goldberg -
Ryan Gurman -
Brian Yoshimura -
Joel Wilson -
CBRE
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United Pacific: San Diego (47th St) | 235 S 47th St
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