Absolute NNN Leased 7-Eleven 2404-2406 University Ave Local commercial 265 m² 100 % Loué À vendre San Diego, CA 92104 1 850 487 € (6 988,94 €/m²) Taux de capitalisation 4 %

The Kase Group is excited to offer the opportunity to acquire a well-established 7-
Eleven location in San Diego, California, on an absolute NNN lease. The tenant
boasts a long-term operating history, and the building has recently undergone a
comprehensive remodel. The lease is corporately guaranteed with no landlord
obligations, and the tenant has exercised their first option, which expires in May
2029, with an additional renewal option that includes a 10% rent increase.
Strategically located in the vibrant North Park neighborhood, this property enjoys
high visibility along University Avenue, a popular corridor renowned for its diverse
selection of dining options, shops, and entertainment establishments. The area
benefits from significant traffic, with 19,707 vehicles per day along University
Avenue and 182,000 vehicles per day along the 805 Freeway, offering convenient
access to the 805. The property also boasts strong 3-mile demographics, with
278,664 residents and an average household income of $111,612. Additionally, it is
less than a mile from Balboa Park, a historic cultural landmark attracting over 14
million visitors annually.