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Discover this fully renovated 7-Eleven Evolution Store at 3504 El Cajon Boulevard, offering cutting-edge design and features that set it apart from traditional convenience stores. With a secure long-term lease, strong income potential, and a prime location, this property represents a lucrative investment in a growing market.
Spanning a total of 3,509 square feet, this freestanding retail property has been extensively upgraded, receiving a $3 million remodel from the studs up in 2019, ensuring modern infrastructure and efficiency. The property is fully leased by 7-Eleven, a well-established, globally recognized brand with strong financials, making it a reliable tenant. As a corporate lease, rent payments are backed by the company, reducing default risk.
The 10-year corporate-backed lease includes four five-year renewal options, with 10% rent increases every five years for built-in income growth. The lease agreement started in November 2024 and generates approximately $132,000 per year on a modified NNN basis, with zero landlord responsibilities. The property carries a Type 21 liquor license, which can be transferred to a new owner with a $10,000 transfer fee.
As part of 7-Eleven’s Evolution Store concept, 3504 El Cajon Boulevard stands out from nearby competition by offering an enhanced convenience experience. This location features a Laredo Taco Co. restaurant with handmade tortillas, a growler station for craft beers, a specialty coffee and drink bar, and other premium amenities like frozen yogurt and a bakery.
Strategically positioned on a high-visibility corner along El Cajon Boulevard, 3504 El Cajon Boulevard is ideally positioned in an easily reachable location just minutes from the 805 and 15 freeways. The prominent location delivers phenomenal daily brand exposure to more than 25,000 passing vehicles along both El Cajon Boulevard and 35th Street.
Offering a corporate-backed lease with a globally recognized brand, over $3 million in recent renovations, and a prime corner location in San Diego’s Normal Heights neighborhood, 3504 El Cajon Boulevard presents a lucrative, low-maintenance acquisition in a dynamic investment market. Please contact Samuel Cryan or visit the Data Room for the listing to learn more about this incredible opportunity.