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PRIME COASTAL OPPORTUNITY | 2-TENANT STRIP 535 Florence St 14,915 SF 100% Leased Retail Building Imperial Beach, CA 91932 $8,768,045 CAD ($587.87 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
$8,768,045 CAD
Price Per SF
$587.87 CAD
Cap Rate
6.50%
NOI
$569,723 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 | $2,300,442 CAD | |
| Land Assessment | $3,145,181 CAD | Total Assessment | $5,445,624 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$3,145,181 CAD
Improvements Assessment
$2,300,442 CAD
Total Assessment
$5,445,624 CAD
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PRIME COASTAL OPPORTUNITY | 2-TENANT STRIP | 535 Florence St
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