102 Leucadia Blvd, Encinitas, CA 92024-1714

This exceptional investment opportunity presents a thriving 7-Eleven convenience store and gas station located at 102 Leucadia Blvd, Encinitas, CA 92024. Boasting a prime coastal San Diego location, this Class A, 2,828 square foot property sits on a 0.48-acre lot and benefits from high visibility at a signalized hard corner. The property features a strong corporate guarantee from a Fortune 500 company with an "A" S&P investment grade credit rating and over $73 billion in annual revenue. The Net Lease (NN) agreement offers a 7.2-year remaining term, expiring January 31, 2032, with attractive 7.5% rent bumps at each option period. The property's strong performance is reflected in its 5.00% cap rate and $274,125 Net Operating Income (NOI). Built in 1970 and renovated in 2024, this asset benefits from significant barriers to entry due to limited new development in the area. The location within the densely populated and affluent Encinitas community, with an average household income exceeding $169,000 and over 124,000 residents within a 5-mile radius, ensures long-term growth potential. Its proximity to Encinitas Ranch Town Center and major transportation arteries (Interstate 5 and Highway 101) further enhances its appeal. The property also benefits from its location within the Leucadia Streetscape Project, a revitalization initiative that will enhance the area's walkability and appeal. Finally, its close proximity to Moonlight Beach, a highly desirable recreational area, adds to its overall desirability. This is a rare opportunity to acquire a high-performing, strategically located asset in one of Southern California's most sought-after coastal communities.