Investment Overview

Marcus and Millichap is pleased to present for sale The Mission, a well-known mixed-use restaurant and apartments at 3795 Mission Boulevard, San Diego steps to the beach in beautiful Mission Beach. Composed of The Mission restaurant on the ?rst ?oor, and above a 3-bedroom unit and two 1-bedroom units all with high end ?nishes, and ?nally a rare, grandfathered billboard that brings in an additional $800/month. Units feature Café appliances, mini splits, vinyl plank ?ooring, modern ceiling fans and hardware, custom blue cabinetry, quartz countertops, pendant kitchen lighting and modern interior light ?xtures, storage closets and custom accent walls. The Mission is on a 10-year NNN lease expiring in 2031 with 2% annual increases beginning in 2026. Fully renovated in 2021 with a new and highly skilled restaurant operator as a long-term tenant, this stabilized beach asset offers an investor a legacy property at a high return. Mission Beach, located in the vibrant city of San Diego, offers a compelling blend of lifestyle and investment opportunities that make it an attractive destination for both residents and investors alike. Its picturesque coastal setting, with miles of sandy beaches and the Paci?c Ocean as its backyard, is a magnet for those seeking a quintessential Southern California experience. The year-round mild climate and an array of outdoor recreational activities, from sur?ng to biking along the boardwalk, create an idyllic environment for residents seeking an active and healthy lifestyle. Moreover, Mission Beach is strategically situated within easy reach of San Diego's thriving job market, educational institutions, and cultural amenities, making it a practical choice for professionals and families alike. From an investment perspective, Mission Beach has consistently demonstrated its resilience and growth potential. The enduring appeal of waterfront properties, coupled with the limited availability of land in the area, has led to a steady appreciation of real estate values. Investors in Mission Beach can diversify their portfolios by acquiring rental properties or vacation homes, as the area enjoys a robust tourism industry. Additionally, the ongoing development of nearby infrastructure, including the expansion of public transportation and commercial districts, continues to enhance the long-term investment prospects in the area. Overall, Mission Beach stands as a prime destination for individuals looking to blend the beauty of coastal living with the potential for ?nancial prosperity, all within the welcoming embrace of San Diego's dynamic urban environment.