Jamba Drive-Thru NNN | 409 Euclid Ave
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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.
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
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)
Nearby Major Retailers
1 of 6
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Jamba Drive-Thru NNN | 409 Euclid Ave
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