3504 El Cajon Blvd - Freestanding FOR SALE


San Diego, CA 92104
$3,000,000 USD
619-708-5918
3504 El Cajon Blvd, San Diego, CA for Sale
$3,000,000 USD
Freestanding - FOR SALE
1/48
null | 4.4% Cap Rate

3504 El Cajon Blvd
San Diego, CA 92104


HIGHLIGHTS

  • 7-Eleven Corporate Store (10 Year Lease 4 (5) Year Options) with 10% increases every 5 years
  • Income- $132,000/Year Starting November 1st, 2024
  • Appraised value of building at $3,650,000
  • Type 21 liquor license
  • Laredo Taco Shop (7-Eleven owns- no extra income but you have a restaurant/kitchen on the premises for the future)
  • Contact an Accountant about Depreciation (Our Accountant said Yes)

OVERVIEW

This fully renovated 7-Eleven Corporate store, formerly a liquor store, boasts a meticulous renovation valued at over $3 million. From plumbing to roofing to the studs, no detail has been spared in this extensive remodel, ensuring a modern and efficient space. With a secure 10-year lease and four additional five-year options, this property offers stable income potential with 10% increases every five years. Generating an impressive income of $132,000/year NNN starting November 1st, 2024, and appraised at $3,650,000, this property presents a compelling investment proposition. - Benefitting from a Type 21 liquor license and zero landlord responsibilities, this high-visibility location is strategically situated on a busy corner along El Cajon Blvd, just blocks away from both the 805 and I-15 freeways. With its prime location and turnkey operation, this 7-Eleven Commercial Property represents a lucrative investment opportunity in a thriving market. - Don't miss out on this extraordinary investment opportunity! Contact us today to schedule a viewing and take the first step toward enhancing your real estate portfolio. - Disclaimer: All information is deemed reliable but not guaranteed and should be independently verified.*Buyer has to pay their agent

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$855 USD /SF

CAP RATE

4.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

C-6

APN/PARCEL ID

447-171-11

ASK ABOUT THIS PROPERTY

Samuel CryanRE/MAX DynastyMore Info
619-708-5918

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Samuel CryanRE/MAX DynastyMore Info
619-708-5918

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.