12929 Rancho Penasquitos Blvd - Service Station FOR SALE


San Diego, CA 92129- Rancho Penasquitos
$3,900,000 USD
703-477-1315
12929 Rancho Penasquitos Blvd, San Diego, CA for Sale
$3,900,000 USD
Service Station - FOR SALE
1/13
null | 5% Cap Rate

12929 Rancho Penasquitos Blvd
San Diego, CA 92129
Rancho Penasquitos


HIGHLIGHTS

  • Irreplaceable location with high barriers to entry for new gas competitors.
  • Operating history of 38 years.
  • Infill location with strong underlying intrinsic value.

OVERVIEW

CBRE is pleased to offer for sale the 1,998 SF United Pacific fuel and convenience store located on 4.11 acres in San Diego, CA - a component of the San Diego–Chula Vista–Carlsbad, CA MSA. The site is subject to a ±8.9-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options). BUSINESS IS NOT FOR SALE

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$2,002 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United Pacific: San Diego (Peñasquitos)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

4.11 AC

LAND SF

179,032 SF

ZONING

CC-1-3, San Diego

APN/PARCEL ID

315-070-32

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.