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23792889
29868180

748 Sixth Ave, San Diego, CA 92101

RB
CA 01302163
Duhs Commercial Inc
AD
CA 01888482
Duhs Commercial Inc
Listed by Duhs Commercial Inc
$4,390,000
196 days on market
Updated 18 days ago

Gaslamp Retail Leased Investment

Details
APN 535-093-11-00
Property Type Mixed Use, Retail
Sub Type Grocery Store, Restaurant (+1)
Square Footage 6,624
Units 3
Cap Rate 6.65%
NOI $292,053
Occupancy 100%
Broker Co-Op Yes
Year Built 1930
Buildings 1
Stories 2
Lot Size (SqFt) 5,000

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

Listing Contacts

RB
CA 01302163
Duhs Commercial Inc
AD
CA 01888482
Duhs Commercial Inc
Listed by Duhs Commercial Inc

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$292,053.00
$24,337.75/mo

Valuation Metrics

0
DSCR
6.65%
Cap Rate
6.65%
ROI

Map

Zoning

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GQPD-GASLAMP-QTR PlannedGaslamp Quarter Planned District
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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