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Jamba Drive-Thru NNN 409 Euclid Ave

1,800 SF Retail Building San Diego, CA 92114 $2,935,000 ($1,631/SF) 4.60% Cap Rate

Investment Highlights

  • Single-Tenant NNN Lease with Virtually No Landlord Responsibilities
  • Exceptional High-Traffic, Dense Infill Location Across from Busy Trolley & Bus Transit Station
  • Across the Street from Market Street Plaza— a 100% Leased, 81,000 SF Shopping Center Anchored by Food 4 Less, Starbucks, Wells Fargo, WingStop
  • Tenant Has ±30 Jamba Stores and is an Experienced Operator of Over 100 Carl’s Jr., Jamba and Dave’s Hot Chicken Restaurant Concepts
  • Tremendous Amount of New Medical, Commercial & Multi-Family Developments - 600+ New Multi-Family Units Planned or Underway Within a Half Mile
  • Immediately Adjacent to the New $79M, 65,000 SF County Health Facility that Recently Opened in September 2023 with an Estimated 238 Employees

Executive Summary

The subject offering is a new construction, single-tenant drive-thru building leased to Jamba. The building is currently under construction with an anticipated store opening in October 2024. The property is part of a retail project that also includes a 3-tenant retail building 100% leased to: El Pollo Loco (drive-thru), Verizon, and Bank of America (ATM). This property is also available for sale separately or as a portfolio.
The property benefits from a signalized, hard-corner location with excellent visibility along the high-traffic Euclid Avenue corridor, as well as being situated directly across from a busy trolley and bus station. Also surrounding the property is a high-volume Food 4 Less anchored shopping center and a brand new 65,000 SF County health facility. The property is located in a densely populated submarket of San Diego that continues to see a significant amount of new multi-family, medical office, and other retail and cultural developments in the immediate area.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,800 SF
Building Class
B
Year Built
2025
Price
$2,935,000
Price Per SF
$1,631
Cap Rate
4.60%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
C-6 - Commercial
Parking
11 Spaces (6.11 Spaces per 1,000 SF Leased)
Frontage
145 FT on Euclid Avenue

Amenities

  • Corner Lot
  • Restaurant
  • Drive Thru
Walk Score®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Food 4 Less
Starbucks
La Fitness
Jackie Robinson YMCA
U.S. Bank
Planet Fitness
Chase Bank
Sizzler
Bel-air
  • Listing ID: 32645058

  • Date on Market: 7/31/2024

  • Last Updated:

  • Address: 409 Euclid Ave, San Diego, CA 92114

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