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Whole Foods 711 University Ave 28,000 SF 4-Star Retail Building San Diego, CA 92103 $34,000,000 ($1,214.29/SF) 3.46% Cap Rate
Investment Highlights
- Generational opportunity to acquire a trophy, single tenant Whole Foods in the heart of downtown San Diego with rooftop parking
- Annual rent increases – CPI 2% minimum, 3% maximum (rare lease structure for Whole Foods)
- Strong historical occupancy, tenant has operated at this location for 29 years
- Absolute NNN lease with no landlord responsibilities, passive investment opportunity
- Top performing location – $49.8M store sales, $1,779 PSF, top 21% nationwide (Placer AI)
- Dense, affluent San Diego market with nearly 244,900 residents in a 3- mile radius, average household income of $125,600 in a 3-mile radius
Executive Summary
Property Facts
Amenities
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 28,000 SF
- $3.50
- Triple Net
- -
Whole Foods Market was founded in 1980 in Austin, Texas, when two natural-food stores were combined to create a supermarket-format business focused on natural and organic foods. The company’s current profile centers on grocery retailing, with a mix of fresh foods, prepared items, pantry goods, and products made to strict quality standards. Whole Foods Market also emphasizes sustainable agriculture, responsible sourcing, and customer satisfaction through its store experience and related services. As part of Amazon’s Worldwide Grocery Stores, the business continues to serve customers through a broad retail presence in the United States, Canada, and the United Kingdom.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 28,000 SF | $3.50 | Triple Net | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 452-093-03 | Improvements Assessment | $3,416,461 |
| Land Assessment | $8,199,519 | Total Assessment | $11,615,980 |
Property Taxes
Presented by
Whole Foods | 711 University Ave
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