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Shopping Strip

ABS NNN 7-Eleven + Barber Craft Retail Condo

1631 Sixth Ave, San Diego, CA 92101

Listing Price: $2,250,000

Cap Rate
5.27%
Rentable SF
3,251
Lot Size
0.07 acres
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to exclusively market for sale the fee simple
interest in a two-tenant absolute NNN retail condo located at the Northeast
corner of 6th Avenue and Cedar Street, below the 133-unit residential
condominium known as The Mills at Cortez Hill. 6th Avenue is the main entry
into Uptown and Downtown San Diego’s Central Business District. The Cortez
Hill neighborhood houses over 3,000 residential units, schools, churches
and Tweet Street Park. Commercial shops and sidewalk cafes line Fifth and
Sixth Avenue while Ash Street provides a gateway to the waterfront. As the
highest land mass in the Centre City Community Planning area, Cortez Hill
boasts views of urban San Diego, Balboa Park, the bay and Pacific Ocean

Investment Highlights

  • CORPORATE GUARANTEED 7-ELEVEN LEASE - 15 Year Successful Operating History
  • ANNUAL RENT UPLIFT
  • BELOW REPLACEMENT COST

Exclusively Listed By

Financing By

Shopping Strip

ABS NNN 7-Eleven + Barber Craft Retail Condo

Listing Price: $2,250,000

Cap Rate
5.27%
Rentable SF
3,251
Lot Size
0.07 acres
Year Built
2004

Investment Highlights

  • CORPORATE GUARANTEED 7-ELEVEN LEASE - 15 Year Successful Operating History
  • ANNUAL RENT UPLIFT
  • BELOW REPLACEMENT COST

Investment Overview

Marcus & Millichap is pleased to exclusively market for sale the fee simple interest in a two-tenant absolute NNN retail condo located at the Northeast corner of 6th Avenue and Cedar Street, below the 133-unit residential condominium known as The Mills at Cortez Hill. 6th Avenue is the main entry into Uptown and Downtown San Diego’s Central Business District. The Cortez Hill neighborhood houses over 3,000 residential units, schools, churches and Tweet Street Park. Commercial shops and sidewalk cafes line Fifth and Sixth Avenue while Ash Street provides a gateway to the waterfront. As the highest land mass in the Centre City Community Planning area, Cortez Hill boasts views of urban San Diego, Balboa Park, the bay and Pacific Ocean

Exclusively Listed By

Financing By

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