915 N Vulcan Ave - Retail FOR SALE


Encinitas, CA 92024
$5,775,000 USD
858-449-9922
915 N Vulcan Ave, Encinitas, CA for Sale
$5,775,000 USD
Retail - FOR SALE
1/12
null | 4.75% Cap Rate

915 N Vulcan Ave
Encinitas, CA 92024


HIGHLIGHTS

  • Long-term occupancy – 7-Eleven has operated at this location for 20+ years and has exercised multiple extensions demonstrating its commitment
  • Investment grade tenant – 7-Eleven (rated A by Standard & Poors) has 85,000 stores in 20 countries and over $71 billion in revenue
  • Reportedly one of the top-performing 7-Eleven convenience store locations in San Diego County
  • Extremely high income area – Average Household Income is $208,600 within a 1-mile radius and is projected to increase to $236,000 by 2029
  • Dense surrounding population – over 55,000 residents within a 3-mile radius

OVERVIEW

*Rarely available prime North County coastal asset with significant barriers to entry *Limited gas station competition in immediate area, filling a critical market need for the surrounding residents in an under-served area and ensuring a steady customer base *With exposure to over 221,000 vehicles per day via Interstate 5, and positioned at a signalized hard corner, the site benefits from outstanding regional connectivity and visibility within a densely traveled coastal corridor *Recession-resilient investment – 7-Eleven’s essential services model, coupled with long-term tenancy and strong credit, provides a stable, risk-adjusted return profile even during periods of economic uncertainty

FOR SALE DETAILS

PRICE

$5,775,000 USD

PRICE/SF

$2,042 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,908 SF

ZONING

N-CM-1

APN/PARCEL ID

254-324-30

ASK ABOUT THIS PROPERTY

Chuck KleinSRS Real Estate PartnersMore Info
858-449-9922

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Chuck KleinSRS Real Estate PartnersMore Info
858-449-9922

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