Coastal Retail Investment
For Sale
Contact for pricing
Pending
722 Grand Ave, San Diego, CA 92109
Prime Pacific Beach retail property with income growth potential.
Property Size4,500 SF
Lot Size0.29 Acres
Days on Market1311
Property Features for 722 Grand Ave
General Information
Standard status
Pending
Size
4,500 SF
Lot size
0.29 Acres
Property subtype
Retail
Zoning
CV-1-2
Lease Type
NNN
Net Operating Income
$386,522
Building Details
Year Built
2006
Listing Agency:
SERHANT. Commercial
(858) 459-3851
Listed By:
Anni Grimes, CCIM · License #CA 01301792
Source:
Crexi
Added: Jan 26, 2023
Changed: Aug 16
Last Checked: Aug 28 at 10:12AM
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 SERHANT. Commercial
Investment Insights
Based on property information with market context.
This coastal property presents an opportunity to acquire a trophy asset with long-term development and income growth potential. Located in the heart of Pacific Beach, the property is situated steps from the ocean. The property consists of two adjacent parcels that include a building housing the Firehouse Eatery, and an adjoining parking lot that fronts Hornblend Street. The two parcels comprise approximately 12,500 square feet located west of Mission Blvd. The building size is 4,500 square feet. In 2022, the landlord extended a rent reduction to support the tenant by reducing the rent to $18,000 per month. Market rents is between $24,000 to $26,000 per month. When the lease renews to Fair Market Value in 2027, the property is positioned for a 30-40% NOI increase, directly translating into a cap rate expansion and a potential price adjustment. A buyer purchasing the property at today's price and holding it through the renewal option in 2027, the cap rate improves to 5.17% solely through the income to market rent.
Key Highlights
- Prime Pacific Beach location, steps from the ocean
- Significant NOI increase (30‑40%) projected upon lease renewal to fair market value in 2027
- Potential price appreciation from $10.5M to $12M upon lease renewal
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,207
Businesses Nearby
157k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 24%
Groceries 23%
Apparel 16%
Ralphs
Groceries
36,802 visits/mo
0.2 miles
McDonald's
Dining
21,399 visits/mo
0.5 miles
Urban Outfitters
Apparel
16,432 visits/mo
0.1 miles
Bank of America
Shops & Services
16,190 visits/mo
0.3 miles
Chase Bank
Shops & Services
13,473 visits/mo
0.3 miles
Demographics for 92109, CA
44,671
Population
26,503
Households
1.7
Avg Household Size
35
Median Age
70%
College-Educated
97%
High-School Grad
7.6 sq mi
ZIP Area
5,878
Density / Sq Mi
$118,300
Median Household Income
$71,054
Median Earnings
$2,362
Median Rent
$1,136,000
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?
Retail space - Prime Pacific Beach retail property with income growth potential.
Where is this retail space located?
The property is located at 722 Grand Ave San Diego, CA.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Prime Pacific Beach location, steps from the ocean; Significant NOI increase (30‑40%) projected upon lease renewal to fair market value in 2027; Potential price appreciation from $10.5M to $12M upon lease renewal
