419 Euclid AveSan Diego, CA 92114

This exceptional investment opportunity presents a newly constructed, 3,340 square foot retail building in San Diego, CA, boasting 100% occupancy with a strong tenant mix: El Pollo Loco (drive-thru with a 15-year lease), Verizon Wireless, and a Bank of America ATM. The property, situated on a 20,017 square foot lot at 419 Euclid Ave, 92114, benefits from a prime location across from a busy trolley and bus station, ensuring high visibility and accessibility. This strategically positioned asset is part of a rapidly developing area, with over 600 new multi-family residential units planned within a half-mile radius, and is adjacent to a recently opened, 65,000 square foot County Health Facility employing an estimated 238 people. Further enhancing its desirability, the property sits directly across from Market Street Plaza, an 81,000 square foot shopping center anchored by major retailers including Food 4 Less, Starbucks, Wells Fargo, and Wingstop. The property offers a Net Lease investment structure with a current NOI of $211,970 and a 5.11% cap rate, representing a compelling return on investment. Built in 2022, this easily managed property offers a stable income stream and significant upside potential in a thriving San Diego submarket. The asking price is $4,150,000, translating to $1,242.51 per square foot. This is a rare opportunity to acquire a high-performing, triple-net-leased retail property in a dynamic and rapidly growing area of San Diego.