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United Pacific: San Diego (47th St) 235 S 47th St 1,236 SF Retail Building San Diego, CA 92113 $7,739,440 CAD ($6,261.68 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Irreplaceable location with high barriers to entry for new gas competitors.
- Infill location with strong underlying intrinsic value.
- Operating history of 41 years.
Executive Summary
CBRE is pleased to offer for sale the 1,092 SF United Pacific fuel and convenience store located on 0.45 acres in San Diego, CA - a component of the San Diego–Chula Vista–Carlsbad, CA MSA. The site is subject to a ±8.5-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
BUSINESS IS NOT FOR SALE
BUSINESS IS NOT FOR SALE
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
1,236 SF
Building Class
C
Year Built
1971
Price
$7,739,440 CAD
Price Per SF
$6,261.68 CAD
Cap Rate
5.75%
NOI
$445,017 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
CN-1-4 - Commercial
Parking
6 Spaces (4.85 Spaces per 1,000 SF Leased)
Frontage
64’ on S 47th St
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 547-460-08 | Improvements Assessment | $723,515 CAD |
| Land Assessment | $6,645,865 CAD | Total Assessment | $7,369,380 CAD |
Property Taxes
Parcel Number
547-460-08
Land Assessment
$6,645,865 CAD
Improvements Assessment
$723,515 CAD
Total Assessment
$7,369,380 CAD
Contacts
-
Thomas Carr -
Ty Grenier -
Christopher Bosworth -
Brian Pfohl -
Leah Lindell -
Abby Kelly -
Kaitlyn Wolf -
Katie Goldberg -
Ryan Gurman -
Brian Yoshimura -
Joel Wilson -
CBRE
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United Pacific: San Diego (47th St) | 235 S 47th St
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