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Laundromat Opportunity 1206 E 18th St 3,518 SF 100% Leased Retail Building National City, CA 91950 $2,200,992 CAD ($625.64 CAD/SF) 1.54% Cap Rate
EXECUTIVE SUMMARY
Laundromat Opportunity. 3,312 sq. ft on a .23 acres signalized corner. The Laundromat lease is expired and ready for a new operator to take over. Take advantage of the already paid set up fees. The other tenant is a liquor store with 2 years left to run on the lease.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,518 SF
Building Class
C
Year Built
1965
Price
$2,200,992 CAD
Price Per SF
$625.64 CAD
Cap Rate
1.54%
NOI
$33,840 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.23 AC
Zoning
C
Parking
12 Spaces (3.41 Spaces per 1,000 SF Leased)
Frontage
94’ on E 18th St
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 561-210-32 | Total Assessment | $825,607 CAD |
| Land Assessment | $430,005 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $395,602 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
561-210-32
Land Assessment
$430,005 CAD
Improvements Assessment
$395,602 CAD
Total Assessment
$825,607 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Laundromat Opportunity | 1206 E 18th St
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