$34,000,000 USD
925-388-0888
711 University Ave
San Diego, CA 92103
Uptown San Diego
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
FOR SALE DETAILS
PRICE
$34,000,000 USD
PRICE/SF
$1,214 USD /SF
CAP RATE
3.46%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Whole Foods
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
121
LAND DETAILS
LAND ACRES
0.71 AC
LAND SF
30,928 SF
ZONING
C
APN/PARCEL ID
452-093-03
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925-388-0888
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925-388-0888
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