1900 19th Ave | San Francisco, CA 94116
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- LoopNet Team
1900 19th Ave
San Francisco, CA 94116
Rarely Available Trophy Property: NNN CVS · Retail Property For Sale
Investment Highlights
- Original lease with just under 10 years remaining on primary term with 5 – 5 year options to extend with rent increases on each option.
- Newly gutted renovation 2017/2018 (Extremely high barriers to entry. Took over 5 years to obtain development approval.)
- Minute Clinic !!! & Rare Rooftop Parking plus additional parking in lot across from main entrance (4,500 sq ft land included in sale)
- 15%+ rent increase due in 2030! ( 1st option period. )
- Dense infill location with Median Home Price of $1,600,000. | Over $133,000 Average Household Income.
- Located at corner of 19th Ave. and Ortega St. with approx. 80,000+ vehicles per day.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
16,250 SF
Building Class
B
Year Built/Renovated
1930/2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.79
Lot Size
0.47 AC
Zoning
NC1 - Neighborhood Commercial Transit 1
Parking
40 Spaces (2.46 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Signalized Intersection
- Tenant Controlled HVAC
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,962,952 | |
| Land Assessment | $8,150,651 | Total Assessment | $13,113,603 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$8,150,651
Improvements Assessment
$4,962,952
Total Assessment
$13,113,603
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