409 3Rd Ave Chula Vista, CA 91910
High-yield retail property, 100% occupied.
Property size:
1,768 SFProperty Features for 409 3Rd Ave
General Information
- Property type
- Individual retail properties
- Square Feet
- 1,768 SF
Building Details
- Buildings
- 2
- Units
- 2
Listing Agency: The Real Estate Agency - John Van Tassel Listing Agent: John Van Tassel
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 1,768 square foot retail property located at 409 Third Avenue in Chula Vista, California (91910), San Diego County. The property boasts a 6.13% cap rate with a pro-forma cap rate of 8.80%, generating a current NOI of $55,200 and a pro-forma NOI of $79,200. The asking price is $900,000, translating to a price per square foot of $509.05. This multi-tenant property features two buildings situated on a 5,801 square foot lot (APN 568-420-02-00). The front building, approximately 500 square feet, is under a long-term lease to a smoke shop. The rear building, approximately 1268 square feet, houses a well-established auto repair shop operating on a month-to-month lease. The current tenant is open to signing a new lease, or the property could be utilized by a new owner for their own business. This property offers a compelling combination of stable income and significant upside potential, making it an ideal addition to any investment portfolio. The property's central Chula Vista location ensures high visibility and accessibility. The gross lease structure simplifies management, and the 100% occupancy guarantees immediate cash flow. This is a rare opportunity to acquire a well-positioned, high-performing retail property in a thriving market.
Property Profile
Location Intelligence
Current Use by Public Records
A to Z Auto
Auto Repair Shop
Location Insight
- Map
- Local Demand
- City
- Chula Vista
- County
- San Diego
- State
- California
- Longitude
- -117.0783039
- Latitude
- 32.6372328
Nearby Similar for Sale
FAQs
What type of property is this?
Individual retail property - High-yield retail property, 100% occupied.
Where is this individual retail property located?
The property is located at 409 3Rd Ave Chula Vista, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 1,768 SF retail property in Chula Vista, CA (91910), San Diego County, on a 5,801 SF lot.; Asking price: $900,000 ($509.05/SF).; 6.13% cap rate, pro-forma 8.80% cap rate.