Walgreens Absolute NNN
For Sale
Contact for pricing
301 University Ave, San Diego, CA 92103
Walgreens occupies the building under an absolute NNN lease with a new 15-year term.
Property SizeContact for details
Days on Market144
Property Features for 301 University Ave
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
The Kase Group
(510) 388-4438
Listed By:
Jeff Bracco · License #CA 01336201
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 8:18AM
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 The Kase Group
Investment Insights
Based on property information with market context.
This 11,847-square-foot retail building is leased to Walgreens under an absolute NNN structure. The current lease provides a new 15-year term and includes 5% rent increases at five-year intervals, offering defined contractual growth during the lease period.
The property is located at 301 University Ave in San Diego’s Hillcrest area. Scripps Mercy Hospital San Diego, UC San Diego Medical Center, and Hillcrest Family Center are each within less than 1/2 mile. Trader Joe’s, Whole Foods Market, and the Village Hillcrest retail center are also nearby.
The property is located at 301 University Ave in San Diego’s Hillcrest area. Scripps Mercy Hospital San Diego, UC San Diego Medical Center, and Hillcrest Family Center are each within less than 1/2 mile. Trader Joe’s, Whole Foods Market, and the Village Hillcrest retail center are also nearby.
Key Highlights
- 11,847‑square‑foot building leased to Walgreens
- Absolute NNN lease structure
- New 15‑year lease term
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,068
Businesses Nearby
372k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Dining 29%
Shops & Services 22%
Home Improvements & Furnishings 3%
Whole Foods Market
Groceries
64,059 visits/mo
0.3 miles
Ralphs
Groceries
46,221 visits/mo
0.5 miles
VONS
Groceries
44,279 visits/mo
0.4 miles
Shell
Shops & Services
13,326 visits/mo
0.2 miles
Better Buzz Coffee Roasters
Dining
12,340 visits/mo
0.3 miles
Demographics for 92103, CA
33,311
Population
21,363
Households
1.6
Avg Household Size
42
Median Age
63%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,003
Density / Sq Mi
$96,887
Median Household Income
$69,732
Median Earnings
$2,020
Median Rent
$986,800
Median Home Value
Market
Vacancy Rate% for Retail in San Diego, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Walgreens occupies the building under an absolute NNN lease with a new 15-year term.
Where is this nnn property located?
The property is located at 301 University Ave San Diego, CA.
What are key features of this property?
This property features: 11,847‑square‑foot building leased to Walgreens; Absolute NNN lease structure; New 15‑year lease term
