Property History
The subject offering is a new construction, single-tenant drive-thru building leased to Jamba & Auntie Anne’s— the first such dual branded drive-thru location in California. The tenant recently opened for business and commenced a brand new 10-year lease with virtually no Landlord responsibilities.
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 adjacent to the property is a new El Pollo Loco and Verizon, as well as a high-volume Food 4 Less anchored shopping center with Starbucks, Wells Fargo, WingStop, Subway, and more across the street.
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. There are 600+ new multi-family units planned or underway within a half mile of the property. The property is also one block from a brand new 65,000 SF County health facility.
Single-Tenant NNN Lease with Virtually No Landlord Responsibilities - Tenant Responsible for Roof & Structure
Offering is Building + Land
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— an 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 with an Estimated 238 Employees.
Loan History
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