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Ground Lease Opportunity 7294-98 University ave
2,700 SF of Retail Space Available in La Mesa, CA 91942
Highlights
- 2023 Population (5 miles): 512,000 people with $100,208 Avg HH Income
- Across from Starbucks Coffee and Helix Charter High School
- Corner Lot (0.27 acres)
- ±20k Cars per Day
- Near new Better Buzz Coffee
- Flexible Term and Tenant Improvements
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 7294-98 University | 2,700 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Net |
1st Floor, Ste 7294-98 University
Corner-lot freestanding Retail Property Type: Retail/Mixed Used Zoning: City of La Mesa Zone C - Commercial Chapter 24.08 - Floodway Overlay (Zone F) Chapter 24.11 - Urban Design Overlay (Zone D) Chapter 24.18 - MIXED USE OVERLAY (Zone MU) Available SF: 11,835 SF / 0.27 Acre Vehicles Per Day: University Avenue - 18,264 VPD; Massachusetts Avenue - 22,719 VPD Highest and Best Use: Pedestrian-oriented General Retail, Automotive, EV Charging, Restaurant, Solar / Utilities, or Laundromat.
- Lease rate does not include certain property expenses
- Partially Demolished Space
- Corner Lot Lighted Intersection
- Across From Helix Charter High School
- Long-term Ground Lease
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 7294-98 University ave , La Mesa, CA 91942
| Property Type | Retail | Year Built | 1947 |
| Property Subtype | Freestanding | Parking Ratio | 5.93/1,000 SF |
| Gross Leasable Area | 2,700 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 2,700 SF |
| Year Built | 1947 |
| Parking Ratio | 5.93/1,000 SF |
About the Property
Are you ready to take your business to the next level? Pacific Coast Commercial is pleased to exclusively present this unique opportunity to secure a long-term ground lease for a prime commercial property in the heart of La Mesa at 7294-98 University Avenue. What is a Ground Lease? A ground lease allows you to lease the land for an extended period, typically 10 or more years. This provides the security and flexibility to build or renovate a property tailored to your specific needs. Why a Ground Lease is Ideal for Your Business: 1. Long-Term Security: A ground lease offers long-term stability, allowing you to plan for the future without the worry of lease expirations and significant Retail lease rate increases over time. 2. Significant Tax Benefits: Ground leases can offer substantial tax advantages, including deductions for lease payments and property improvements. 3. Reduced Operating Costs: A ground lease can provide opportunities to reduce operating costs, such as through energy-efficient upgrades or solar panel installations. 4. Flexibility and Customization: Design and build a space that perfectly aligns with your business's vision and requirements. Property Highlights: -Strategic Location: Situated at the busy intersection of University Ave and Yale Ave, with high visibility and excellent foot traffic. -Generous Lot Size: 11,835 SF lot, providing ample space for development, parking, and convenient ingress/egress from both Yale Ave and University Ave. -Diverse Zoning: Zoning: City of La Mesa Zone C - Commercial Chapter 24.08 - Floodway Overlay (Zone F) Chapter 24.11 - Urban Design Overlay (Zone D) Chapter 24.18 - MIXED USE OVERLAY (Zone MU) -Strong Demographics: 2023 Population of ±507,000 people within 5 miles, and Average Household Income of $100,208 Don't Miss This Opportunity to Secure Your Business's Future. Highest and Best Use: Pedestrian-oriented General Retail, Community Center, Museum, Automotive, EV Charging, Restaurant, Solar / Utilities, or Laundromat. Contact us today to learn more about this exciting ground lease opportunity and to explore how it will elevate your business to new heights!
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Signage
Nearby Major Retailers
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Hannah Cheadle -
Brian Crepeau -
Pacific Coast Commercial
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Ground Lease Opportunity | 7294-98 University ave
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