3504 El Cajon Blvd
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3504 El Cajon Blvd
3,509 SF Retail Building San Diego, CA 92104 $3,000,000 ($855/SF) 4.40% 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 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.
-
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.
-
Disclaimer: All information is deemed reliable but not guaranteed and should be independently verified.*Buyer has to pay their agent
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 NNN starting November 1st, 2024, and appraised at $3,650,000, this property presents a compelling investment proposition.
-
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.
-
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.
-
Disclaimer: All information is deemed reliable but not guaranteed and should be independently verified.*Buyer has to pay their agent
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,509 SF
Building Class
C
Year Built
1976
Price
$3,000,000
Price Per SF
$855
Cap Rate
4.40%
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
PROPERTY TAXES
| Parcel Number | 447-171-11 | Improvements Assessment | $241,989 |
| Land Assessment | $447,082 | Total Assessment | $689,071 |
PROPERTY TAXES
Parcel Number
447-171-11
Land Assessment
$447,082
Improvements Assessment
$241,989
Total Assessment
$689,071
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3504 El Cajon Blvd
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