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916-918 Hwy N, Unit 101 Encinitas, CA

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For Sale
$3,995,000

Fully occupied restaurant property with coastal location and long-term leases.

Property size:
2,311 SF
Lot size:
0.10 Acres

Property Features for 916-918 Hwy N

General Information

Size
2,311 SF
Lot size
0.10 Acres

Source: Lee & Associates | North San Diego County Agent Isaac Little

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Encinitas Restaurant Investment Opportunity

This property is fully occupied by two well-known established restaurants. It features an iconic coastal location. The ownership type is fee simple, and the sale type is a single tenant net leased investment. The lease term is ten years from the close of escrow, with annual escalations of three percent. The first year CAP rate is 5.4%, and the average CAP rate is 6.2%. The property size is 2311 square feet.
Location Intelligence

Current Use by Public Records

Restaurants

Map

City
Encinitas
County
San Diego
State
California
Longitude
-117.271
Latitude
33.04545

FAQs

What type of property is this?
Restaurant - Fully occupied restaurant property with coastal location and long-term leases.
Where is this restaurant located?
The property is located at 916-918 Hwy N, Unit 101 Encinitas, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: - Iconic Coastal Location; - Fully Occupied By Two Well-known established restaurants; - Single tenant net leased investment
More about this property
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