246 N Cedros Ave
Solana Beach, CA 92075
Claire's on Cedros · Retail Property For Sale
Property Facts
Amenities
- Signage
Sustainability
Sustainability
LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)
About 246 N CEDROS AVE , SOLANA BEACH, CA 92075
CBRE is pleased to offer for sale a free standing single tenant triple-net restaurant investment for sale in Solana Beach. The property consists of two buildings totaling approximately 4,000 square feet situated on a 22,282 square foot lot. There are 20 parking stalls for cars, 1 ADA compliant stall, 3 motorcycle stalls, and bicycle racks. The property is located directly across the street from the Solana Beach Transit Center which is adjacent to a large public parking lot. The property is being offered as a sale-leaseback. The owner of the Claire’s on Cedros Bakery and Café will be signing a brand new 10 year triple-net lease upon the close of escrow. The lease will have 10% rental increases every 5 years during the base term and in the two (5) year options to extend the lease. The tenant has a successful operating history at this site for over 8 years. The tenant has made significant improvements to the buildings including making the building LEED Platinum Certified. This was the first restaurant in San Diego to receive this prestigious distinction. Overall the subject property offers an investor a stable management-free income stream in a trophy location.
Property Taxes
| Parcel Number | 263-341-11 | Improvements Assessment | $1,338,620 |
| Land Assessment | $3,123,451 | Total Assessment | $4,462,071 |
Property Taxes
