2262-2274 Garnet Ave - Retail FOR SALE


San Diego, CA 92109- Pacific Beach
$5,000,000 USD
619-888-0036
2262-2274 Garnet Ave, San Diego, CA for Sale
$5,000,000 USD
Retail - FOR SALE
1/8
null | Request Cap Rate

2262-2274 Garnet Ave
San Diego, CA 92109
Pacific Beach


HIGHLIGHTS

  • Fully renovated property with new structural, mechanical, and ADA upgrades completed in 2025–2026.
  • Single-tenant NNN lease to Anytime Fitness, a strong national operator, with a 10-year term and personal guaranties.
  • Exceptional walkability and proximity to the beach, major retail centers, Interstate 5, and regional amenities.
  • Highly visible location on Garnet Avenue, Pacific Beach’s primary commercial corridor with heavy traffic counts.

OVERVIEW

This offering presents a rare, fully renovated single-tenant retail investment opportunity in Pacific Beach, one of San Diego’s most vibrant coastal submarkets. Comprising two parcels, the property features a ±6,900 square foot commercial building alongside a ±6,000 square foot secured parking lot, ensuring convenience and accessibility. The premises have undergone extensive upgrades, including a new 20-year roof, rooftop package units, ADA improvements, enhanced fire suppression, and modern LED lighting throughout. The asset is leased to Anytime Fitness, a nationally recognized fitness operator, under a brand new 10-year triple net lease that commenced December 2025. The lease includes 3% annual rent increases and two five-year extension options, offering stable, long-term cash flow. With initial base rent below comparable Pacific Beach properties and significant tenant investment in the premises, this property delivers both current income security and future appreciation potential.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$725 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

CC-4-2

APN/PARCEL ID

416-563-18,416-563-19

ASK ABOUT THIS PROPERTY

Brandon KeithVoit Real Estate ServicesMore Info
619-888-0036

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Brandon KeithVoit Real Estate ServicesMore Info
619-888-0036

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