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