1655 Euclid Ave San Diego, CA 92105

The property is a freestanding, net-net (NN) leased Red White & Blue Thrift Store located in San Diego, California. The tenant, Valley Thrift Store, LLC, has a 10-year lease with two 5-year options to extend. The lease includes 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is NN with limited landlord responsibilities. Red White & Blue Thrift Stores operate in 30 locations across the U.S., offering second-hand items including apparel and home furnishings. The property is located near the intersection of Euclid Avenue and Federal Boulevard, with traffic exceeding 37,000 vehicles per day. It benefits from access to Interstate 805, Highway 94, and Highway 15. The site is adjacent to San Diego Marketplace, a neighborhood center anchored by dd’s Discounts, Dollar Tree, Planet Fitness, and Rent-A-Center. Nearby tenants include Costco, The Home Depot, Food4less and Goodwill. The site is located less than 4 miles from San Diego State University, which has a student population of over 41,000 and nearly 7,000 faculty and staff members. The property is approximately 6 miles from San Diego International Airport, which served 25.24 million passengers in 2024. It is within walking distance of apartment complexes such as Hillside Views (300 units), Harbor Vista (272 units), and Las Palmas Villas (110 units). The surrounding 5-mile trade area includes over 651,000 residents and 259,000 daytime employees with average household incomes exceeding $110,000. The property size is 30778 square feet.