MD Real Estate Inc is proud to present The Point Loma Plaza, a 2-unit retail property + surface parking lot located in the Point Loma Heights neighborhood of San Diego. Situated on two separate parcels the property is comprised of a surface parking lot on a 5,291 square foot lot containing 17 parking stalls. The second parcel totaling approximately 4,051 square feet contains two retail suites totaling approximately 3,084 square feet and a detached garage/storage area that is approximately 340 square feet. All tenants are on newer 5-year leases with 5-year renewal options and 3% annual rent increases. All tenants pay their pro rata share of property taxes, property insurance, water/sewer, and trash leaving the landlord with minimal property expense responsibility. The Point Loma Plaza is an ideal investment for an investor looking for a passive income stream from a well-located asset in an excellent submarket of San Diego.