Listed by Mosaik Real Estate
$7,988,000
317-319 6th ave
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 7,492
Cap Rate 5.26%
NOI $363,251
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 06/29/2035
Remaining Term 9
Price per SqFt $1,066
Year Built 1975
Lot Size (SqFt) 12,000
Parking Spaces 10 spaces
Parking Per SqFt 1.33
Industrial | 5.26% CAP | 7,492 SqFt
Marketing description
317–319 6th avenue is situated in the richmond district of san francisco — a well-established, highly walkable urban neighborhood directly north of golden gate park and bounded by the presidio, lincoln park, and ocean beach. The richmond district combines residential stability with neighborhood-oriented retail and cultural amenities, making it a desirable location for long-term living and daily commerce.
317–319 6th avenue offers investors the opportunity to acquire a
Long term, single-tenant NNN investment in san francisco’s
Highly desirable richmond district. The 7,492 square foot
Property is located just off the busy clement street corridor and
Three blocks from golden gate park, benefiting from strong
Neighborhood retail fundamentals and consistent foot traffic.
The property is secured by a 15-year lease executed in june 2020,
With approximately 10 years remaining on the base term with
3% annual rent increases. The tenant, a strong national-credit
Operator with over 30 years at this location, provides stable cash
Flow with built-in income growth through 2035, with an
Additional five-year extension option
The lease is structured as a true triple-net (nnn) lease, under
Which the tenant is responsible for property taxes, insurance,
Maintenance, and repairs. This structure limits landlord
Expense exposure and provides predictable, passive income,
While the scheduled annual increases drive long-term yield
Expansion.
Population & demographics: approximately 58,000+ residents with a median age in the low-40s and a diverse cultural profile that includes strong asian, russian, and eastern european influences.
Walkability & transit: the inner richmond near 6th avenue and geary/ clement
Corridors features exceptional walkability, with everyday amenities, transit, and neighborhood services easily accessible on foot. Walk score data in the area registers 98
With a bike score of 96, indicating that most errands can be accomplished without a car.
Multiple muni routes (including the 38 geary and 38r rapid) provide direct east-west
Transit connections to downtown and beyond. Transit connectivity is considered
Excellent for daily commuting and access to core city markets.
Retail & commercial nodes: the geary boulevard corridor and nearby clement street
Serve as local retail and dining anchors, with a mix of independent grocery markets,
Bakeries, cafés, restaurants, and essential services supporting high daily foot traffic and
Neighborhood engagement.
Park & recreation: immediate proximity to golden gate park enhances lifestyle quality
And reinforces neighborhood demand. Extensive parkland, playgrounds, cultural
Institutions, and outdoor amenities are within walking distance, supporting both
Resident and visitor activity.
Atmosphere & lifestyle: richmond’s atmosphere is characterized by a blend of urban
Vibrancy and residential calm. The inner richmond, in particular, is known for its foodcentric culture, neighborhood-oriented cafés and shops, and a strong community
Identity that is less tourist-driven than other san francisco corridors.
317–319 6th Avenue presents a rare opportunity to acquire a long-term, single-tenant true NNN investment in San Francisco’s Richmond District, backed by a tenant that has successfully operated at the location for over 55 years. The property is secured by a 15-year lease that commenced in 2020, with approximately 10 years remaining on the base term, 3% annual rent increases, and one five-year extension option. The lease is structured as a true NNN lease, with the tenant responsible for property taxes, insurance, maintenance, and repairs—providing ownership with predictable, passive income and minimal landlord responsibilities. Located just off the Clement Street retail corridor and three blocks from Golden Gate Park, the property benefits from strong neighborhood demographics, consistent foot traffic, and limited commercial inventory. With stable tenancy, contractual rent growth, and exceptional tenant longevity, 317–319 6th Avenue represents a rare opportunity to acquire a durable net-leased asset in one of San Francisco’s most established neighborhood retail districts.
Investment highlights
Listing Contacts
Listed by Mosaik Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$363,251.00
$30,270.92/mo
Valuation Metrics
0
DSCR
4.55%
Cap Rate
4.55%
ROI
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