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Opportunity Zone

Jamba Drive-Thru NNN

Single-Tenant Net Lease

Listing Contacts

Active

Asking Price: $2,935,000
Address 

409 Euclid Ave, San Diego, CA 92114

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Date Added
Jul 31, 2024
Days on Market
290 days
Time Since Last Update
4 days

Details

Property TypeRetail
SubtypeQSR/Fast Food, Restaurant
Investment TypeNet Lease
Lease TypeNNN
TenancySingle
Brand/TenantJamba
Lease Term10 years
Remaining Term10 years
Square Footage1,800
Price/Sq Ft$1,630.56
Cap Rate4.60%
Occupancy100%
NOI$135,000
Units1
Year Built2024
Lot Size (sq ft)14,972
Broker Co-OpYes
APN548-051-18-00
Ground LeaseNo
IntelligenceINTELLIGENCE
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Marketing Description

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.​

Investment Highlights

  • 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.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$135,000.00
$11,250.00/mo

Valuation Metrics

0
DSCR
4.6%
Cap Rate
4.6%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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