7-Eleven-Backed NNN
2040 Columbia St. San Diego, CA 92101
2040 Columbia St., San Diego, CA, 92101
Contact for pricing
For Sale
Contact for pricing
NNN retail with 5 tandem on-site parking spaces and highly visible signage, supported by 7-Eleven.
Property Size6,256 SF
Price / SF$679.35
Days on Market122
Property Features for 2040 Columbia St.
General Information
- Standard status
- Active
- Size
- 6,256 SF
- Property subtype
- RETAIL
Listing agency
Urban Property Group (UPG)
(619) 985-5637
Listed by
Joe Brady · License #01721040
Source
Moodyscre
Added: Mar 23 Updated: Jul 21 at 1:50PM Checked: Jul 21 at 1:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Urban Property Group (UPG)
Investment Insights
Based on property information with market context.
This for-sale NNN retail property includes a highly visible storefront with signage and offers on-site parking configured as five tandem spaces. The lease is structured as NNN and is described as a secure income stream backed by 7-Eleven, along with a diversified tenant mix.
The property is positioned for immediate access to I-5 and is on main ingress/egress thoroughfares. It is also noted to be in the path of major nearby development, with more than 5,000 units proposed and under construction.
Additional area context includes nearby businesses such as LALA, Cloak & Petal, Bolt Brewery, and Born & Raised.
The property is positioned for immediate access to I-5 and is on main ingress/egress thoroughfares. It is also noted to be in the path of major nearby development, with more than 5,000 units proposed and under construction.
Additional area context includes nearby businesses such as LALA, Cloak & Petal, Bolt Brewery, and Born & Raised.
Key Highlights
- NNN retail property with highly visible signage
- On‑site parking: 5 tandem spaces
- Income stream supported by 7‑Eleven, a national credit tenant
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $240.2k | $38.40 |
| − Vacancy | −$9.6k | −$1.54 |
| EGI | $230.6k | $36.86 |
| − OpEx | −$57.7k | −$9.22 |
| NOI | $173.0k | $27.65 |
6,256 SF · lease $38.40/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.47M
$2.16M – $2.88M
NOI $172,966 @ 7.0% cap · market cap 4.07%
Second Best
Retail
$2.16M
$1.89M – $2.52M
NOI $151,014 @ 7.0% cap · market cap 3.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
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FAQs
What type of property is this?
Grocery and convenience store - NNN retail with 5 tandem on-site parking spaces and highly visible signage, supported by 7-Eleven.
Where is this grocery and convenience store located?
The property is located at 2040 Columbia St. San Diego, CA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: NNN retail property with highly visible signage; On‑site parking: 5 tandem spaces; Income stream supported by 7‑Eleven, a national credit tenant
