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Storefront Retail Office For Sale • 4,772 SF
| HIGH CAP: 12.16% in-place cap rate rising to 13.41% pro forma once the vacant 2,086 SF second floor is leased at market rates |
| ESCALATIONS: Rent escalates 12.5% every 5 years; next increase April 2029 grows NOI to $683,438 with cap rate growth to 17.32% by 2039 with renewals |
| STABILITY: 8 years remaining on the initial term plus two 5-year renewals, giving a buyer up to 18 years of potential NNN income from a single tenant |
| 0% EXCISE TAX: Local cannabis business tax suspended through 2034. SF cannabis retail license moratorium through December 2027, so NO new competition |
| RETAIL HAVEN: Mission District location with 65K+ daily Muni riders, two BART stations nearby, Walk Score 90, and median household income of $141,400 |
| PORTFOLIO OPPORTUNITY: Available individually, or as part of a $20.4M three-property Connected Cannabis NNN portfolio, with a combined 9% cap rate |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 8 min | - | 3.0 mi | |
| 13 min | - | 6.5 mi | |
| Transit/Subway | Drive | Walk | Distance |
| San Jose Ave & Niagra Ave (M Ocean View - San Francisco Municipal Railway (MUNI Metro)) | 2 min | 9 min | 0.4 mi |
| Geneva and San Jose (M Ocean View - San Francisco Municipal Railway (MUNI Metro)) | 1 min | 10 min | 0.5 mi |
| San Jose and Mount Vernon (M Ocean View - San Francisco Municipal Railway (MUNI Metro)) | 2 min | 11 min | 0.5 mi |
| Airport | Drive | Walk | Distance |
| San Francisco International | 18 min | - | 9.9 mi |
| Metro Oakland International | 39 min | - | 25.1 mi |
| Norman Y Mineta San Jose International | 55 min | - | 41.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 1 |
| Type: | Surface |
| Included in Rent: | Yes |
Jason Piazza
WeCann
Jason Piazza
WeCann
