Property History
RECENT 10-YEAR LEASE
Villains Brewing recently expanded from Anaheim, CA to open their 2nd location in Southern California. Villains Brewing is the team behind Orange County’s rapidly growing Smoke & Fire Hospitality Group.
NO TENANT IMPROVEMENT ALOOWANCE
The tenant recently completed a high-quality new renovation to the property showcasing their long-term commitment to the location. The property features two large bars, a full kitchen, two expansive outdoor patio seating areas, and a 10-barrel brewhouse, creating a premier hospitality and entertainment environment.
LOCATION & VISIBILITY
One of East Village’s most iconic buildings sits on a prime trophy corner on 9th & J Street. With about 100 feet of frontage and steps from Petco Park, the property has direct views into the stadium. The Property benefits significantly from tourism and local/visiting baseball fans.
DESIRABLE EAST VILLAGE LOCATION
The East Village neighborhood of San Diego has become one of the city’s most desirable urban districts. The area has seen significant mixed-use, residential, office, and hospitality development, creating a vibrant live-work-play environment. Ongoing infrastructure improvements, population growth, and proximity to major employment hubs continue to position East Village as a key driver of Downtown San Diego’s growth and investor interest.
REDEVELOPMENT POTENTIAL
A patient investor can take advantage of the potential to redevelop the property up to 25,000 SF by right. The flexible commercial zoning allows an investor to develop a hotel, multifamily, office, retail, or mixed-use.
AFFLUENT TRADE AREA DEMOGRAPHICS
Over 184,000 residents within 3 mile trade area with an average household incomes exceeding $129,000, ideal for premium fast-casual or full-service concepts.
Located in the heart of San Diego’s vibrant East Village, 903 Island Avenue presents a rare opportunity to acquire a fully renovated, income-producing retail asset with long-term stability and future upside. Anchored by Villains Brewing Company, an expanding hospitality brand from Orange County, the property benefits from a new 10-year NNN lease with no landlord improvement allowance, showcasing the tenant’s commitment through substantial renovations including two large bars, a full kitchen, dual outdoor patios, and a 10-barrel brewhouse.
Positioned on a trophy corner with approximately 100 feet of frontage, the building offers direct views into Petco Park and is steps from the stadium entrance, capturing foot traffic from tourists and baseball fans alike. The property’s flexible zoning allows for redevelopment up to 25,000 SF by right, making it ideal for investors seeking long-term value through repositioning into hotel, multifamily, office, or mixed-use formats.
Recent renovations in 2025 further elevate the asset’s appeal, and its location within one of San Diego’s most dynamic districts ensures strong demand and visibility. With a 5.4% cap rate and a stable NOI of $216,000, this offering combines immediate cash flow with future development potential in a market known for its tourism, biotech, and innovation economy.
- New 10-year NNN lease with Villains Brewing Company
- 2025 tenant renovations showcasing long-term commitment
- Steps from Petco Park with direct views into the stadium
- 100 FT of frontage on prime corner of 9th and J St
- Potential to redevelop property up to 25,000 SF
- Flexible zoning allowing hotel, multi-family, retail, or mixed-use
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Zoning
Property Details
Contacts
Map
Comparable Properties
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