100% Leased - Point Loma (San Diego) Strip Center

100% occupied, 4-tenant, ground floor NNN retail opportunity in the heart of Point Loma (San Diego), CA.

Located within walking distance to San Diego Yacht Club

Affluent / coastal location

RARE IN-FILL SAN DIEGO RETAIL OPPORTUNITY

- The subject property is well located,in the heart of a bustling retail corridor, in Point Loma

- Ideally located 1 block behind the popular and exclusive, San Diego Yacht Club

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‍NEWMIXED-USE DEVELOPMENT

- The property was fully redeveloped in 2018 into a modern, mixed-use residential / retail building

- 100% NNN leased ground floor retail opportunity (4-tenants)

- Tenants include: The UPS Store, Mr. Moto Pizza, Northside Shack, and iPolish Nail Salon

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LONG-TERM NNN LEASES WITH SCHEDULED RENTAL INCREASES

‍- All of the tenants signed long term NNN leases, makiing this a passive investment for the new owner

- Additionally, all of the tenants feature scheduled rental increases of approx. 3% per year, giving the investor strong and consitent cash flow growth, and also hedges against inflation

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NEWLY BUILT PROPERTY | PRIDE OF OWNERSHIP

‍- Current Owner developed this property from the ground up in 2018, featuring the highest quality construction

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AFFLUENT LOCATION | STRONG DEMOGRAPHICS
- The average household income is over $142,000 within 1 mile of the property

- The condos directly above this property, have been sleling over $1.5M+ recently , for a 3 Bed and 2 Bath Unit (as of June 2022)

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