3504 El Cajon Blvd - Freestanding FOR SALE


San Diego, CA 92104- Normal Heights
$3,075,000 USD
619-708-5918
3504 El Cajon Blvd, San Diego, CA for Sale
$3,075,000 USD
Freestanding - FOR SALE
1/48
null | 4.29% Cap Rate

3504 El Cajon Blvd
San Diego, CA 92104
Normal Heights


HIGHLIGHTS

  • 7-Eleven Evolution Corporate Store- 10 Year Lease 4 (5) Year Options) with 10% increases every 5 years.
  • Income: Generating $132,000/year (Modified NNN) starting November 1, 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

Own a Rare 7-Eleven Evolution Store – A Premier Investment Opportunity! Discover this fully renovated 7-Eleven Evolution Store, offering cutting-edge design and features that set it apart from traditional convenience stores. With a secure long-term lease, strong income potential, and a prime location, this property represents a lucrative investment in a growing market. Property Highlights: -Extensive Renovation: $3M remodel from the studs up, ensuring modern infrastructure and efficiency -Secure Lease: 10-year corporate-backed lease with four 5-year renewal options. Includes 10% rent increases every 5 years for built-in income growth -High Income: Generating $132,000/year (Modified NNN) starting November 1, 2024 -Prime Location: Strategically positioned on a high-visibility corner along El Cajon Blvd, just minutes from the 805 and I-15 freeways -Turnkey Investment: Zero landlord responsibilities with a Type 21 liquor license included, adding exceptional revenue potential. -Appraised at $3,650,000: A compelling value for such a modern and strategically located asset Why Invest in a 7-Eleven Evolution Store? 7-Eleven Evolution Stores are the future of convenience retail, featuring expanded product offerings, cutting-edge technology, and innovative layouts that attract a wider customer base. With a corporate tenant and a fully turnkey operation, this property ensures long-term stability and growth. Don’t miss this one-of-a-kind opportunity! Contact us today to schedule a viewing or to request additional details, including lease terms and appraisal documents. Disclaimer: All information is deemed reliable but not guaranteed.

FOR SALE DETAILS

PRICE

$3,075,000 USD

PRICE/SF

$876 USD /SF

CAP RATE

4.29%

% 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.