Multi-Tenant Investment: Better Buzz 6.21% CAP
Retail | 6.21% CAP | 23,400 SqFt
Marketing description
Multi-tenant investment property located on Bonita Road in Bonita, CA 91902. The property consists of two parcels that must be sold together, featuring a Better Buzz Coffee drive-thru on a separate parcel with an NNN ground lease, a 3-story multi-tenant office building with 31 tenants and elevator access, and three cell towers (T-Mobile, AT&T, and Verizon) on the roof.
The Better Buzz Coffee location is a newly built 1,440 SF retail building with drive-thru on an 8,208 SF lot (APN# 591-251-22-00), constructed in 2024 with an NNN lease. The office building at 4045 Bonita Road (APN# 591-251-21-00) is approximately 21,960 SF on a 31,798 SF lot, built in 1975. The office building is 100% leased with 59 parking spaces and features three cell tower tenants with gross leases and auto renewals.
The property offers prime Bonita Road frontage with 31,083 vehicles per day, easy access to 805 Freeway and Highway 54, and is located near Chula Vista Golf Course with golf course views. The area features 50+ restaurants within a 1-mile radius, is 20 minutes from San Diego International Airport and downtown San Diego, and less than 20 minutes from the Mexico border crossing at San Ysidro.
Investment highlights
- Zoning: C (Commercial)
- Better Buzz Coffee: NNN Ground Lease on separate parcel. Recorded Reciprocal Access Agreement with adjacent parcel.
- Three (3) Cell Sites: AT&T, T-Mobile and Verizon, the nation's 3 largest carriers.
- Prime Bonita Road Frontage w/ 31,083 VPD.
- Easy Access to 805 Freeway and Highway 54.
- Office Building: 100% leased w/ 59 parking spaces.
- Office Vacancy Rate: Bonita office market for space 1,200 sf +/- is less than 2%.
- Nearby Amenities: Chula Vista Golf Course, offering golf course views with walking trail access. 50+/- restaurants within a 1-mile radius.
- 20 minutes from San Diego International Airport and downtown San Diego.
- Less than 20 minutes from Mexico border crossing at San Ysidro.
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