List Search

711 University Ave
San Diego, CA 92103 Uptown San Diego

$34,000,000 USD

Supermarket For Sale  •  28,000 SF

Property Details

  • Property Type Supermarket
  • Total Building Size 28,000 SF
  • Lot Size 0.71 AC
  • Building Class A
  • Year Built 1997
  • Cap Rate 3.46 %
  • Tenancy Single
  • Zoning C
54 Transit Score
97 Walk Score

Highlights

Generational opportunity to acquire a trophy, single tenant Whole Foods in the heart of downtown San Diego with rooftop parking
Absolute NNN lease with no landlord responsibilities, passive investment opportunity
Annual rent increases – CPI 2% minimum, 3% maximum (rare lease structure for Whole Foods)
Top performing location – $49.8M store sales, $1,779 PSF, top 21% nationwide (Placer AI)
Strong historical occupancy, tenant has operated at this location for 29 years
Dense, affluent San Diego market with nearly 244,900 residents in a 3- mile radius, average household income of $125,600 in a 3-mile radius
Cap Rate: 3.46 %

Major Tenants

Tenant SF Occupied Lease End Date
Whole Foods 28,000 SF

Amenities

  • Signalized Intersection

Public Transportation

Commuter RailDriveWalkDistance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 7 min - 3.5 mi
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 8 min - 3.5 mi
AirportDriveWalkDistance
San Diego International 8 min - 2.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 121
Type: Surface
Included in Rent: Yes
Michael Cisternino 925-388-0888 Essential Capital Advisors
Michael Cisternino 925-388-0888 Essential Capital Advisors