409 Euclid Ave - Fast Food FOR SALE


San Diego, CA 92114
$2,935,000 USD
619-269-6076
409 Euclid Ave, San Diego, CA for Sale
$2,935,000 USD
Fast Food - FOR SALE
1/5
null | 4.6% Cap Rate

409 Euclid Ave
San Diego, CA 92114


HIGHLIGHTS

  • Single-Tenant NNN Lease with Virtually No Landlord Responsibilities
  • Tenant Has ±30 Jamba Stores and is an Experienced Operator of Over 100 Carl’s Jr., Jamba and Dave’s Hot Chicken Restaurant Concepts
  • Exceptional High-Traffic, Dense Infill Location Across from Busy Trolley & Bus Transit Station
  • Tremendous Amount of New Medical, Commercial & Multi-Family Developments - 600+ New Multi-Family Units Planned or Underway Within a Half Mile
  • Across the Street from Market Street Plaza— a 100% Leased, 81,000 SF Shopping Center Anchored by Food 4 Less, Starbucks, Wells Fargo, WingStop
  • Immediately Adjacent to the New $79M, 65,000 SF County Health Facility that Recently Opened in September 2023 with an Estimated 238 Employees

OVERVIEW

The subject offering is a new construction, single-tenant drive-thru building leased to Jamba. The building is currently under construction with an anticipated store opening in October 2024. The property is part of a retail project that also includes a 3-tenant retail building 100% leased to: El Pollo Loco (drive-thru), Verizon, and Bank of America (ATM). This property is also available for sale separately or as a portfolio. The property benefits from a signalized, hard-corner location with excellent visibility along the high-traffic Euclid Avenue corridor, as well as being situated directly across from a busy trolley and bus station. Also surrounding the property is a high-volume Food 4 Less anchored shopping center and a brand new 65,000 SF County health facility. The property is located in a densely populated submarket of San Diego that continues to see a significant amount of new multi-family, medical office, and other retail and cultural developments in the immediate area.

FOR SALE DETAILS

PRICE

$2,935,000 USD

PRICE/SF

$1,631 USD /SF

CAP RATE

4.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jamba Drive-Thru NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,972 SF

ZONING

C-6

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rob BloomDUHS CommercialMore Info
619-269-6076

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Rob BloomDUHS CommercialMore Info
619-269-6076

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