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Auto Service - Gas-Conv

Trophy 7-Eleven w/ Gas Station | North Coastal San Diego Real Estate | High Barrier to Entry Market

102 Leucadia Blvd, Encinitas (Coastal San Diego), CA 92024

Listing Price: $5,482,500

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
7.3
Gross SF
2,828
Guarantor
Corporate Guarantee
Rentable SF
2,828
Price/Gross SF
$1,938.65
Lease Type
Double Net
Rent Per Square Feet
$96.93

Investment Overview

Recently named among the 20 best surf towns in the world by National Geographic, Encinitas offers some of the world’s most desirable beaches along its six miles coastline. A local favorite is Swami’s beach, which was immortalized in the song “Surfin’ USA” by the Beach Boys. Additionally, Moonlight State Beach offers recreation and fire rings for post-sunset bonfires and barbecues. The city is host to nearly 300 retail stores and includes more than 10 shopping centers. Popular shopping centers include Camino Village Plaza, Camino Encinitas Plaza, El Camino Promenade and El Camino Commons. Downtown Encinitas is over 100 years old and features historic architecture, boutiques, sidewalk cafes, and restaurants, together creating the Downtown 101 coastal shopping district. Downtown 101 also features several cultural offerings including a theatre and art galleries. The city is celebrated for its San Diego Botanic Garden, which includes nearly 4,000 types of plants and over 37 acres of exhibits, desert gardens, a tropical rainforest, Mediterranean climate landscapes, an undersea succulent garden, a subtropical fruit garden and the largest interactive children’s garden on the West Coast. An abundance of outdoor recreation is offered at the city’s local beaches and the 900-acre San Elijo Lagoon Reserve, including surfing, hiking, boating, tennis, fishing, hang gliding, bicycling, and camping. Home to nearly 300 different bird species throughout the year, the San Elijo Lagoon Reserve also offers some of the world’s best bird watching. Other key destinations in and near Encinitas include the 18-hole championship Encinitas Ranch Golf Course, the Park Hyatt Aviara Resort Golf Club & Spa, Torrey Pines Golf Course, Legoland, Del Mar Thoroughbred Club race track, and the Omni La Costa Resort & Spa.

Investment Highlights

  • Generational Prime North San Diego Coastal Location - Positioned Along Area's Retail & Traffic Corridor: Features Easy Access and Excellent Visibility at a Signalized Hard Corner.
  • Strong Tenant - The Company is Ranked #129 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "A" and an Annual Revenue of more than $73.15 Billion.
  • Formidable Barriers to Entry - Limited New Development in Encinitas (West of Interstate-5), creates Significant Barriers to Entry, ensuring Long-Term Growth Prospects for the Property.
  • 7-Eleven w/ Gas Station & C-Store Featuring a 7.50% Rental Increase at Each Option. 20-Year Historical Occupancy w/ Multiple Long-Term Extensions Demonstrating a Stong Commitment to the Locaiton. Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $169k and over 124k People Residing within a 5-Mile Radius. The Median Home Sale Price within the Leucadia Neighborhood of Encinitas is $2,650,50.
  • In Close Proximity to Encinitas Ranch Town Center - 529k Sq.Ft. offering a Strong Mix of Major Tenants along with many Specialty Stores including Walmart Supercenter, REI, Target, Dick's Sporting Goods, Best Buy, PetSmart, Ross and more.
  • Located Approximately 25 Miles North of Downtown San Diego, Encinitas is served by Interstate 5 and Highway 101, both of which provide North/South Access Throughout the Region.
  • Within Leucadia Streetscape Project - the Project will Greatly Enhance Value and Revitalize 2.5 Miles of N. Coast Hwy 101 by creating a more Safe, Walkable, Bike-able Community. Encinitas is Home to some of the most beautiful Beaches in California - Walking Distance from Moonlight Beach, considered to be One of the Finest Beaches in Southern California and the Center of Recreation and Social Life in Encinitas.

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Trophy 7-Eleven w/ Gas Station | North Coastal San Diego Real Estate | High Barrier to Entry Market

Listing Price: $5,482,500

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
7.3
Gross SF
2,828
Guarantor
Corporate Guarantee
Rentable SF
2,828
Price/Gross SF
$1,938.65
Lease Type
Double Net
Rent Per Square Feet
$96.93

Investment Highlights

  • Generational Prime North San Diego Coastal Location - Positioned Along Area's Retail & Traffic Corridor: Features Easy Access and Excellent Visibility at a Signalized Hard Corner.
  • Strong Tenant - The Company is Ranked #129 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "A" and an Annual Revenue of more than $73.15 Billion.
  • Formidable Barriers to Entry - Limited New Development in Encinitas (West of Interstate-5), creates Significant Barriers to Entry, ensuring Long-Term Growth Prospects for the Property.
  • 7-Eleven w/ Gas Station & C-Store Featuring a 7.50% Rental Increase at Each Option. 20-Year Historical Occupancy w/ Multiple Long-Term Extensions Demonstrating a Stong Commitment to the Locaiton. Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $169k and over 124k People Residing within a 5-Mile Radius. The Median Home Sale Price within the Leucadia Neighborhood of Encinitas is $2,650,50.
  • In Close Proximity to Encinitas Ranch Town Center - 529k Sq.Ft. offering a Strong Mix of Major Tenants along with many Specialty Stores including Walmart Supercenter, REI, Target, Dick's Sporting Goods, Best Buy, PetSmart, Ross and more.
  • Located Approximately 25 Miles North of Downtown San Diego, Encinitas is served by Interstate 5 and Highway 101, both of which provide North/South Access Throughout the Region.
  • Within Leucadia Streetscape Project - the Project will Greatly Enhance Value and Revitalize 2.5 Miles of N. Coast Hwy 101 by creating a more Safe, Walkable, Bike-able Community. Encinitas is Home to some of the most beautiful Beaches in California - Walking Distance from Moonlight Beach, considered to be One of the Finest Beaches in Southern California and the Center of Recreation and Social Life in Encinitas.

Investment Overview

Recently named among the 20 best surf towns in the world by National Geographic, Encinitas offers some of the world’s most desirable beaches along its six miles coastline. A local favorite is Swami’s beach, which was immortalized in the song “Surfin’ USA” by the Beach Boys. Additionally, Moonlight State Beach offers recreation and fire rings for post-sunset bonfires and barbecues. The city is host to nearly 300 retail stores and includes more than 10 shopping centers. Popular shopping centers include Camino Village Plaza, Camino Encinitas Plaza, El Camino Promenade and El Camino Commons. Downtown Encinitas is over 100 years old and features historic architecture, boutiques, sidewalk cafes, and restaurants, together creating the Downtown 101 coastal shopping district. Downtown 101 also features several cultural offerings including a theatre and art galleries. The city is celebrated for its San Diego Botanic Garden, which includes nearly 4,000 types of plants and over 37 acres of exhibits, desert gardens, a tropical rainforest, Mediterranean climate landscapes, an undersea succulent garden, a subtropical fruit garden and the largest interactive children’s garden on the West Coast. An abundance of outdoor recreation is offered at the city’s local beaches and the 900-acre San Elijo Lagoon Reserve, including surfing, hiking, boating, tennis, fishing, hang gliding, bicycling, and camping. Home to nearly 300 different bird species throughout the year, the San Elijo Lagoon Reserve also offers some of the world’s best bird watching. Other key destinations in and near Encinitas include the 18-hole championship Encinitas Ranch Golf Course, the Park Hyatt Aviara Resort Golf Club & Spa, Torrey Pines Golf Course, Legoland, Del Mar Thoroughbred Club race track, and the Omni La Costa Resort & Spa.

Exclusively Listed By

Financing By

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