5322 Jackson Dr | La Mesa, CA 91942
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5322 Jackson Dr
La Mesa, CA 91942
Chevron Station/Soapy Joe's Car Wash · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The Property is currently 100% occupied with an operating NOI of $389,675 providing an investor stable cash flow.
- The lease includes annual increases of 2% each year, which provides investors the ability to hedge against inflation.
- Due to the convenient location just north of Interstate 8, variety of retailers, the site benefits from immense traffics and proximate synergy.
- The property includes an Absolute Triple Net (NNN) Ground Lease structure with Zero Landlord Responsibilities.
- Soapy Joe’s and Chevron have been operating at this site for over 25 years.
- Having fully committed to the site, potential investors can enjoy a 30 year ground-lease executed in 2020.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Service Station
Building Size
2,813 SF
Building Class
C
Year Built
1971
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
0.61 AC
Zoning
CGD GD8 - Commercial
Parking
5 Spaces (1.78 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 490-622-36 | Improvements Assessment | $209,768 |
| Land Assessment | $1,601,466 | Total Assessment | $1,811,234 |
PROPERTY TAXES
Parcel Number
490-622-36
Land Assessment
$1,601,466
Improvements Assessment
$209,768
Total Assessment
$1,811,234
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