1485 E St San Diego, CA 92101

This property offers an opportunity to acquire approximately 20,523 square feet of physical improvements under the terms of a long-term ground lease with 47 years remaining. The location benefits from a dense urban environment and convenient accessibility in downtown San Diego's East Village, an area experiencing growth with numerous new restaurants, apartments, and condo developments. The property is 100% leased to Punch Bowl Social, which operates multiple locations across the nation. The tenant recently completed an extensive renovation, demonstrating a long-term commitment to the location. The asset provides fixed increases every 5 years, allowing for passive income growth. Developable commercial land is scarce in this downtown location, making this property virtually irreplaceable. The master leasehold estate includes a 'right of first offer' to purchase the premises from the ground lessor during the initial lease term.