12929 RANCHO PENASQUITOS BLVD San Diego CA 92129-2922

CBRE is pleased to offer for sale the 1,998 SF United Pacific fuel and convenience store located on 4.11 acres in San Diego, CA - a component of the San Diego–Chula Vista–Carlsbad, CA MSA. The site is subject to a ±8.9-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).

BUSINESS IS NOT FOR SALE

ABSOLUTE NNN LEASE WITH INCREASES

The site is subject to a ±8.9-year absolute NNN lease with a 7.50% rent increase in 2029 and in each of the three 5-year renewal options.

HIGH BARRIERS TO ENTRY

Irreplaceable location with high barriers to entry for new gas competitors.

LONG-TERM OPERATING HISTORY

Operating history of 38 years.

INTRINSIC UNDERLYING VALUE

Infill location with strong underlying intrinsic value.

SAN DIEGO–CHULA VISTA–CARLSBAD, CA MSA

The San Diego–Chula Vista–Carlsbad, CA Metropolitan Statistical Area (MSA) is a vibrant and diverse region encompassing the entirety of San Diego County, making it a major economic and cultural hub in Southern California. Known for its near-perfect climate, stunning coastline, and a plethora of outdoor recreational opportunities, the MSA draws residents and tourists alike. The economy is fueled by a diverse range of industries, including defense, tourism, biotechnology, healthcare, and technology. From the bustling downtown of San Diego to the laid-back beach towns, the MSA offers a high quality of life and a wide array of experiences, making it a desirable place to live, work, and visit.