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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 began in Austin in 1980, when four local businesspeople combined their natural foods stores into a supermarket format. The company focuses on natural and organic foods, groceries, prepared foods, and other everyday essentials, while maintaining standards tied to sustainable agriculture and product quality. Whole Foods Market has expanded beyond a single store into a broad retail network across North America and the United Kingdom and operates as part of Amazon's Worldwide Grocery Stores. The business supports supplier programs, environmental stewardship, and community giving as part of a mission-driven approach to food retailing.
| 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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