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31691897
31691911

118 S Cedros Ave, Solana Beach, CA 92075

COLDWELL BANKER COMMERCIAL WEST
NK
CA01968022
Coldwell Banker Commercial West
Listed by COLDWELL BANKER COMMERCIAL WEST, Coldwell Banker Commercial West
$8,000,000
51 days on market
Updated 51 days ago

118 S Cedros Ave

Details
APN 298-073-42
Property Type Retail
Sub Type Storefront
Square Footage 10,382
Units 2
Cap Rate 5.31%
NOI $424,836
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 4
Price per SqFt $771
Lot Size (SqFt) 17,028
Investment Type Stabilized

Rare Solana Beach Location: NNN Investment Deal

Marketing description

Introducing a once-in-a-lifetime chance to acquire a remarkable retail location in the highly coveted World Famous Designer District on Cedros Street, situated in the vibrant community of Solana Beach. For the first time in half a century, this extraordinary property has emerged onto the market, making it an exceptionally rare opportunity for discerning investors. The property is 100% occupied with 2 well established tenants. Nestled within a thriving commercial hub, vacancies in this area are a rarity, underscoring the immense value and desirability of this offering. A mere 30 feet away from the prominent intersection of Lomas Santa Fe Drive and Cedros. The Cedros Design District boasts a lively atmosphere, attracting a diverse clientele of discerning shoppers and design enthusiasts. The prime location of these two separate 4,790sf and 5592sf spaces offers tremendous flexibility, catering to a range of businesses and commercial ventures. Combine the two units (10,380 SF) seamlessly to create an expansive retail haven that will leave an indelible mark on the vibrant Solana Beach community. With a combined total of 17,662 cars passing by daily, your business will benefit from unparalleled exposure to a captive audience of potential customers. Adding to the allure of this remarkable location is its proximity to the renowned Belly Up Music Venue, a renowned cultural landmark that draws music aficionados from near and far. Now is the time to seize this extraordinary opportunity to own a large retail location in the World Famous Designer District on Cedros Street. With its unmatched visibility, exceptional foot traffic, and the buzz of cultural activity surrounding it, this property promises to be a gateway to unparalleled business success and prosperity.

Investment highlights

100% Occupied with 2 well established tenants

Both Leases are NNN. Minimal Landlord Responsibility

Leases end 10/31/2029 & 3/31/2030

Rare opportunity to own on Cedros Ave, in Coastal Solana Beach

17,662 CPD and heavy walk by traffic

Walking distance to Solana Beach Coaster Station and the Beach Future Development

Opportunity/Ability for New owner to enhance or add to the property

Listing Contacts

COLDWELL BANKER COMMERCIAL WEST
NK
CA01968022
Coldwell Banker Commercial West
Listed by COLDWELL BANKER COMMERCIAL WEST, Coldwell Banker Commercial West

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$424,836.00
$35,403.00/mo

Valuation Metrics

0
DSCR
5.31%
Cap Rate
5.31%
ROI

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