370 Bay Shr Blvd San Francisco, CA 94124
- Retail space
- 2,889 SF
- 0.16 lot acres
Current Use by Public Records
- Retail space
Property Details for 370 Bay Shr Blvd
- Year built
- 1946
- Construction
- WOOD
- Lot size
- 0.16 lot acres
- Property size
- 2,889 SF
- Zone code
- M1
- Property type
- Retail space
- APN
- 5596 -012
- APU
- 5596012
Description
This exceptional investment opportunity presents a 0.16-acre parcel featuring a freestanding Jack in the Box restaurant with a drive-through. Located at 370 Bayshore Blvd, San Francisco, CA 94124, this property benefits from a highly visible position at a 3-way signalized intersection. The existing ground lease offers a substantial 9.2 years remaining, with two, five-year renewal options providing long-term security. The tenant, Jack in the Box, a nationally recognized brand established in 1951, has occupied the approximately 2,997 square-foot building since 1986, demonstrating a remarkable 38-year history at this location. The property boasts a corporate guarantee, minimizing risk and ensuring consistent income. Furthermore, the surrounding area exhibits strong demographics, with over 850,860 people within a 5-mile radius and average household incomes exceeding $179,000. The property's 2023 sales showed a 7.3% year-over-year increase, highlighting its continued success. This is an ideal, management-free investment opportunity with significant potential for long-term growth and passive income. The asking price for this NNN ground lease is $1,607,637.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $395,000
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Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Francisco
- State
- California
- Longitude
- -122.407
- Latitude
- 37.7416
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
