3504 El Cajon Blvd

3,509 SF Retail Building San Diego, CA 92104 $3,075,000 ($876/SF) 4.29% Cap Rate

INVESTMENT HIGHLIGHTS

  • 7-Eleven Corporate Store (10 Year Lease 4 (5) Year Options) with 10% increases every 5 years
  • Appraised value of building at $3,650,000
  • Laredo Taco Shop (7-Eleven owns- no extra income but you have a restaurant/kitchen on the premises for the future)
  • Income- $132,000/Year Starting November 1st, 2024
  • Type 21 liquor license
  • Contact an Accountant about Depreciation (Our Accountant said Yes)

EXECUTIVE SUMMARY

This fully renovated 7-Eleven Corporate store, formerly a liquor store, boasts a meticulous renovation valued at over $3 million. From plumbing to roofing to the studs, no detail has been spared in this extensive remodel, ensuring a modern and efficient space.
With a secure 10-year lease and four additional five-year options, this property offers stable income potential with 10% increases every five years. Generating an impressive income of $132,000/year Modified NNN starting November 1st, 2024, and appraised at $3,650,000, this property presents a compelling investment proposition.
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Benefitting from a Type 21 liquor license and zero landlord responsibilities, this high-visibility location is strategically situated on a busy corner along El Cajon Blvd, just blocks away from both the 805 and I-15 freeways. With its prime location and turnkey operation, this 7-Eleven Commercial Property represents a lucrative investment opportunity in a thriving market.
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Don't miss out on this extraordinary investment opportunity! Contact us today to schedule a viewing and take the first step toward enhancing your real estate portfolio.
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Disclaimer: All information is deemed reliable but not guaranteed and should be independently verified.*Buyer has to pay their agent

ATTACHMENTS

7-Eleven OM New

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,509 SF
Building Class
C
Year Built/Renovated
1976/2019
Price
$3,075,000
Price Per SF
$876
Cap Rate
4.29%
NOI
$132,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.35 AC
Zoning
C-6 - CUPD-CU-2-3
Parking
12 Spaces (3.42 Spaces per 1,000 SF Leased)
Frontage
101 FT on El Cajon Blvd

AMENITIES

  • 24 Hour Access
  • Corner Lot
  • Restaurant
  • Signalized Intersection
  • Wheelchair Accessible
  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector
Walk Score®
Walker's Paradise (90)

NEARBY MAJOR RETAILERS

U.S. Bank
Starbucks
Vons
Bank of America
San Diego County Credit Union
Citi
Roberto's Taco Shop
Wells Fargo Bank
Ymca
Chase Bank

PROPERTY TAXES

  • Listing ID: 30841983

  • Date on Market: 2/1/2024

  • Last Updated:

  • Address: 3504 El Cajon Blvd, San Diego, CA 92104