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Restaurant

Great Irreplaceable San Diego Real Estate - In-N-Out | Brand New Rare 20Yr Absolute Net Ground Lease

2420 Coronado Ave, San Diego, CA 92154

Listing Price: $8,833,333

Cap Rate
3.00%
Tenant Name
In-N-Out
Years Remaining On Lease
20.2
Gross SF
3,885
Guarantor
Corporate Guarantee
Rentable SF
3,885
Price/Gross SF
$2,273.70
Lease Type
NNN Ground Lease
Rent Per Square Feet
$68.21

Investment Overview

California’s second largest city and the United States’ eighth largest, San Diego boasts a citywide population of nearly 1.3 million residents and more than 3 million residents countywide. Within its borders of 4,200 sq. miles, San Diego County encompasses 18 incorporated cities and numerous other charming neighborhoods and communities. Named “America’s Finest City,” the City of San Diego is best known for its ideal climate, beautiful beaches, and array of world-class family attractions including San Diego Safari Park, San Diego Zoo, Sea World San Diego, LEGOLAND and many more. The City is considered one of the top five leisure vacation destinations in the U.S. and a top 10 business destination. The City is known for its mild year-round climate, natural deep-water harbor, extensive beaches, long association with the United States Navy, and recent emergence as a healthcare and biotechnology development center. The largest sectors of San Diego’s economy are defense/military, tourism, international trade, and research/manufacturing. San Diego was designated by a Forbes columnist as the best city in the country to launch a small business or startup company.

Investment Highlights

  • 20-Year Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2021 High Quality Construction.
  • Covered Exterior Patio Seating, EV Charging Stations and the Largest Drive-Thru Stack in their Entire Chain. Large Lot with Ample Parking.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner - Easy Access & Excellent Visibility w/ Daily Combined Traffic Counts of 32k+ Vehicles. Immediate Access to & from I-5.
  • Great Irreplaceable Real Estate - The Location is in one of San Diego County's Most Recognized Real Estate Markets due in Part to its Central Location, Size, and Traditional Industrial Characteristics.
  • Rare Opportunity to Acquire an In-N-Out as a Majority are Corporate Owned. International Known Restaurant and One of America's Favorite Burger Chains.
  • Minutes from the US/Mexican Border (San Ysidro Port of Entry) - Major International Gateway and Reported Busiest Land Border Crossing in World (90k+ Vehicle & Pedestrian Crossings Daily). Projected to have an 87% Increase in Vehicle Traffic by 2030.
  • Densely Populated San Diego Suburb: Features more than 283k People Residing within a 5-Mile Radius. Across from South Bay Drive-In Theatre and Swap Meet - Surrounded by Numerous Amenities including Hotels, Parks and Schools.
  • Near Southland Plaza - A 35+ Store Shopping Center featuring Nationally Recognized Tenants including The Home Depot, Walmart, Vons, CVS Pharmacy, Big 5 Sporting Goods and many more. In Close Proximity to Numerous Schools with High Student Counts including Montgomery High School (1,810+ Students), Southwest High School (1,895+ Students) and many other.

Exclusively Listed By

Restaurant

Great Irreplaceable San Diego Real Estate - In-N-Out | Brand New Rare 20Yr Absolute Net Ground Lease

Listing Price: $8,833,333

Cap Rate
3.00%
Tenant Name
In-N-Out
Years Remaining On Lease
20.2
Gross SF
3,885
Guarantor
Corporate Guarantee
Rentable SF
3,885
Price/Gross SF
$2,273.70
Lease Type
NNN Ground Lease
Rent Per Square Feet
$68.21

Investment Highlights

  • 20-Year Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2021 High Quality Construction.
  • Covered Exterior Patio Seating, EV Charging Stations and the Largest Drive-Thru Stack in their Entire Chain. Large Lot with Ample Parking.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner - Easy Access & Excellent Visibility w/ Daily Combined Traffic Counts of 32k+ Vehicles. Immediate Access to & from I-5.
  • Great Irreplaceable Real Estate - The Location is in one of San Diego County's Most Recognized Real Estate Markets due in Part to its Central Location, Size, and Traditional Industrial Characteristics.
  • Rare Opportunity to Acquire an In-N-Out as a Majority are Corporate Owned. International Known Restaurant and One of America's Favorite Burger Chains.
  • Minutes from the US/Mexican Border (San Ysidro Port of Entry) - Major International Gateway and Reported Busiest Land Border Crossing in World (90k+ Vehicle & Pedestrian Crossings Daily). Projected to have an 87% Increase in Vehicle Traffic by 2030.
  • Densely Populated San Diego Suburb: Features more than 283k People Residing within a 5-Mile Radius. Across from South Bay Drive-In Theatre and Swap Meet - Surrounded by Numerous Amenities including Hotels, Parks and Schools.
  • Near Southland Plaza - A 35+ Store Shopping Center featuring Nationally Recognized Tenants including The Home Depot, Walmart, Vons, CVS Pharmacy, Big 5 Sporting Goods and many more. In Close Proximity to Numerous Schools with High Student Counts including Montgomery High School (1,810+ Students), Southwest High School (1,895+ Students) and many other.

Investment Overview

California’s second largest city and the United States’ eighth largest, San Diego boasts a citywide population of nearly 1.3 million residents and more than 3 million residents countywide. Within its borders of 4,200 sq. miles, San Diego County encompasses 18 incorporated cities and numerous other charming neighborhoods and communities. Named “America’s Finest City,” the City of San Diego is best known for its ideal climate, beautiful beaches, and array of world-class family attractions including San Diego Safari Park, San Diego Zoo, Sea World San Diego, LEGOLAND and many more. The City is considered one of the top five leisure vacation destinations in the U.S. and a top 10 business destination. The City is known for its mild year-round climate, natural deep-water harbor, extensive beaches, long association with the United States Navy, and recent emergence as a healthcare and biotechnology development center. The largest sectors of San Diego’s economy are defense/military, tourism, international trade, and research/manufacturing. San Diego was designated by a Forbes columnist as the best city in the country to launch a small business or startup company.

Exclusively Listed By

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