Current Use by Public Records
- Retail properties & Spaces
Property Details for 409 Euclid Ave
- Year built
- 2024
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 1,800 square foot Jamba Juice drive-thru restaurant in San Diego, California. Located at 409 Euclid Ave, San Diego, CA 92114 (APN 548-051-18-00), this single-tenant, net-leased property boasts a 10-year lease with 10 years remaining, offering a strong and stable income stream. The property features a 100% occupancy rate and a substantial net operating income (NOI) of $135,000, resulting in a compelling 4.60% cap rate. The asking price is $2,935,000, translating to a price per square foot of $1,630.56. Built in 2024, this 14,972 square foot lot enjoys a highly visible, signalized corner location on Euclid Avenue, directly across from a busy trolley and bus station. The property benefits from its proximity to a major shopping center anchored by Food 4 Less, as well as a recently opened 65,000 square foot County health facility. This densely populated area is experiencing significant growth, with numerous new multi-family residential, medical office, and retail developments underway. The tenant, Jamba, is an established operator with a proven track record. This property is available for sale individually or as part of a larger portfolio. The property is a strong investment opportunity due to its location, tenant, and lease terms.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.085
- Latitude
- 32.7089
