The subject offering is a new construction, single-tenant drive-thru building leased to Jamba & Auntie Anne’s— the first such dual branded drive-thru location in California. The tenant recently opened for business and commenced a brand new 10-year lease with virtually no Landlord responsibilities.
The property benefits from a signalized, hard-corner location with excellent visibility along the high-traffic Euclid Avenue corridor, as well as being situated directly across from a busy trolley and bus station. Also adjacent to the property is a new El Pollo Loco and Verizon, as well as a high-volume Food 4 Less anchored shopping center with Starbucks, Wells Fargo, WingStop, Subway, and more across the street.
The property is located in a densely populated submarket of San Diego that continues to see a significant amount of new multi-family, medical office, and other retail and cultural developments in the immediate area. There are 600+ new multi-family units planned or underway within a half mile of the property. The property is also one block from a brand new 65,000 SF County health facility.