Gaslamp Retail Leased Investment
Long-Term Tenants & Annual Rent Bumps
Marketing description
Stable, Leased Investment with Annual Rent Bumps
The property is 100% leased to 3 long-term tenants: Hub Market & Deli, Pushkin Lounge & Bar, and AC Hotel Gaslamp (admin office). The Hub Market business has occupied the property for 30+ years, while Pushkin and AC Hotel Gaslamp have occupied it for 10 & 9 years, respectively.
Ease of management property with minimal Landlord responsibilities and 3.0% annual rent increases for each tenant.
Excellent Downtown Location
The property is well situated in the heart of the Gaslamp and surrounded by hotels, residential, and new restaurants.
With high pedestrian traffic and prominent street front visibility, the property is well positioned for long-term retail success.
Long-Term Passive Investment Opportunity
Attractive yield for a downtown San Diego Gaslamp retail investment with stable, long-term historical occupancy and future rent growth imbedded in the leases.
Property presents and ideal passive investment opportunity to hold for the long-term.
Busy, Thriving Downtown Corridor
The Gaslamp Quarter in downtown San Diego is one of the region’s busiest communities offering an abundance of dining and entertainment options for both locals and tourists.
The area surrounding the property is very densely populated with 54,476 residents plus 21,454 hotel rooms in a 1-mile radius.
Investment highlights
100% Leased to 3 Long-Term Tenants
Ease of Management with Limited Landlord Responsibilities
Stable Occupancy with 3.0% Annual Rent Bumps
Prime Location in the Heart of the Gaslamp District of Downtown San Diego
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