2730, 2736 & 2740-2752 Imperial Ave
100% Leased | Value-Add Retail Buildings & 2 Residential Units
Marketing description
2730, 2736, and 2740-2752 Imperial Avenue presents a compelling investment opportunity within San Diego’s rapidly evolving Grant Hill neighborhood. Strategically located along a primary thoroughfare, these properties benefit from significant revitalization efforts, strong accessibility, and the distinct advantages of being situated within a designated Opportunity Zone.
Strong Location: High visibility, strong foot and vehicle traffic, and excellent access to major transportation arteries. Just minutes from Downtown San Diego and the San Diego International Airport.
Operational Flexibility & Owner-User Potential: The prevalence of short-term and month-to-month lease structures offers exceptional operational flexibility, providing a strategic pathway for an owner-user to achieve immediate occupancy or implement a phased redevelopment strategy.
Development Potential: Flexible zoning and Opportunity Zone designation provide avenues for mixed-use redevelopment, density increases, and tax benefits.
Assemblage Potential: The adjacent property at 114 Hensley Street is also available for acquisition, offering strategic expansion and assemblage opportunities.
Demand Drivers: Proximity to major employment hubs, public transit, and residential neighborhoods contributes to strong tenant demand.
Investment highlights
VALUE-ADD THROUGH RENT OPTIMIZATION
Current in-place rents are below market rates, offering an immediate and significant value-add opportunity through strategic rent adjustments. For an owner-user, this also provides the flexibility to consolidate existing tenants into a single structure, facilitating partial occupancy while maintaining income, or allowing for a full tenant rollover to accommodate their own operations.
TRIPLE NET (NNN) LEASE STRUCTURE
The existing lease agreements are structured to allow for the pass-through of all operating expenses to tenants, establishing true Triple Net (NNN) leases. This robust structure enables a buyer to achieve predictable cash flow, protect against rising operating costs, and implement annual rental increases to drive long-term income growth.
STRATEGIC ASSEMBLAGE FOR FUTURE DEVELOPMENT
Acquiring this portfolio offers a unique opportunity to assemble a contiguous city block along Imperial Avenue, a major thoroughfare. This strategic land aggregation provides the foundation for larger-scale redevelopment initiatives, unlocking significant long-term value and positioning the investor to capitalize on future growth and intensified land use.
The availability of the adjacent property at 114 Hensley Street presents a compelling opportunity for strategic expansion. Acquiring this contiguous parcel would significantly enlarge the overall footprint, unlocking enhanced development potential and allowing for a more comprehensive, large-scale project along this key thoroughfare.
OPPORTUNITY ZONE BENEFITS
Deferral of Capital Gains Taxes: Investors can defer capital gains taxes on previous investments until December 31, 2026, or until the QOF investment is sold.
Reduction of Capital Gains Taxes: The tax basis of the original investment increases by 10% if held for at least 5 years, and by 15% if held for at least 7 years.
Exclusion of New Capital Gains: For investments held for at least 10 years, investors pay no taxes on any capital gains earned from the QOF investment itself. (Consult with your tax advisor regarding the potential tax implications of Opportunity Zone investments).
HIGH TRAFFIC | EXCELLENT VISIBILITY
Excellent accessibility, situated directly on Imperial Avenue, a major arterial road. This location ensures high visibility and steady traffic flow and convenient access to major freeways I-5 and SR-94.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
