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PRIME COASTAL OPPORTUNITY | 2-TENANT STRIP 535 Florence St 14,915 SF 100% Leased Retail Building Imperial Beach, CA 91932 $8,941,530 CAD ($599.50 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied 2-Tenant Strip - New 10- Year Term for NOVO Brewery - High-Quality 2-Tenant NNN Investment Offering Built-In Rent Growth.
- Prime Coastal Location Minutes from the Beach - Positioned Just Blocks from Imperial Beach Shoreline, benefiting from Strong Year-Round Foot Traffic.
- Located in One of San Diego’s Fastest-growing Coastal Markets - Imperial Beach has Undergone Significant Revitalization.
- Current Inline Tenant Rent Is Substantially Below Market, Creating Immediate Mark-to-Market Potential Upon Renewal or Re-Tenanting.
- Immediate Access to Bayshore Bikeway Trail System - Situated Near the Renowned 24-Mile Scenic Trail Connecting Imperial Beach to Coronado & Downtown.
- Strong Local Population Growth and Demand Drivers - Densely Populated and Affluent San Diego Location.
EXECUTIVE SUMMARY
Novo Brazil Brewing & Rad Power Bikes Strip Center | Prime Coastal Location - Minutes from the Beach | Surrounded by Thriving Hospitality and Recreation | Densely Populated and Affluent San Diego Area | Minutes from US/Mexican Border - Busiest Land Border Crossing in World | Located in One of San Diego’s Fastest-Growing Coastal Markets
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,915 SF
Building Class
B
Year Built/Renovated
2017/2022
Price
$8,941,530 CAD
Price Per SF
$599.50 CAD
Cap Rate
6.50%
NOI
$580,996 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.85 AC
Zoning
M
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- NOVO Brazil Brewing
- Retailer
- 7,632 SF
- -
- Triple Net
- Jan 2036
- Rad Power Bikes
- Retailer
- 7,283 SF
- -
- Triple Net
- Jul 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| NOVO Brazil Brewing | Retailer | 7,632 SF | - | Triple Net | Jan 2036 | |
| Rad Power Bikes | Retailer | 7,283 SF | - | Triple Net | Jul 2026 |
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,297,755 CAD | |
| Land Assessment | $3,141,508 CAD | Total Assessment | $5,439,263 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,141,508 CAD
Improvements Assessment
$2,297,755 CAD
Total Assessment
$5,439,263 CAD
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PRIME COASTAL OPPORTUNITY | 2-TENANT STRIP | 535 Florence St
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