Listed by Corcoran Icon Properties
$949,000
2276-2278 Mission Street
Details
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 2,000
Units 2
Cap Rate 5.35%
NOI $50,764
Tenancy Multi
Lease Type Net
Pro-Forma Cap Rate 8.30%
Pro-Forma NOI $79,264
Year Built 1904
Lot Size (SqFt) 1,999
Zoning COM-NEC
Investment Type Owner/User
Ground Lease No
Retail | 5.35% CAP | 2,000 SqFt
Marketing description
Located in the vibrant and heavy foot traffic area of the Inner Mission District in San Francisco, this free-standing commercial property intersecting 18th St and 19th St consists of 2 commercial spaces. Excellent Frontage for any retail, restaurant or office space. This exceptional standalone building is currently leased to Transportes Pacific International, Llc and El Salvador Restaurant. It is perfect for a future owner-user space with excellent signage visibility from the street. An ideal addition to your investment portfolio - invest, build, owner-occupy, or expanding into a future NNN property. The current rents give a Cap Rate of 5.35% with a future upside to 8.3% which can also be perfect for a 1031 exchange.
Investment highlights
- Location: Situated in the core intersection 18th and 19th Streets in the Inner Mission neighborhood, this property enjoys excellent visibility and accessibility from BART, MUNI lines, Valencia St corridor and Dolores Park ensuring a steady stream of customers for the tenants.
- Current Tenants: Both El Salvador Restaurant and Transportes Pacific International, LLC have a well-established client base and a history of consistent business, offering you a reliable source of income.
Listing Contacts
Listed by Corcoran Icon Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$50,763.84
$4,230.32/mo
Valuation Metrics
0
DSCR
5.35%
Cap Rate
5.35%
ROI
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