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Whole Foods 711 University Ave 28,000 SF 4-Star Retail Building San Diego, CA 92103 $46,685,061 CAD ($1,667.32 CAD/SF) 3.46% Cap Rate
Investment Highlights
- Generational opportunity to acquire a trophy, single tenant Whole Foods in the heart of downtown San Diego with rooftop parking
- Annual rent increases – CPI 2% minimum, 3% maximum (rare lease structure for Whole Foods)
- Strong historical occupancy, tenant has operated at this location for 29 years
- Absolute NNN lease with no landlord responsibilities, passive investment opportunity
- Top performing location – $49.8M store sales, $1,779 PSF, top 21% nationwide (Placer AI)
- Dense, affluent San Diego market with nearly 244,900 residents in a 3- mile radius, average household income of $125,600 in a 3-mile radius
Executive Summary
Property Facts
Amenities
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 28,000 SF
- $4.81 CAD
- Triple Net
- -
Whole Foods Market is a U.S.-based natural and organic foods supermarket chain headquartered in Austin, Texas. Founded in 1980, the company began as a small natural grocery concept and has since grown into a leading retailer known for strict quality standards and a focus on products free from artificial colors, flavors, preservatives, and hydrogenated fats. Whole Foods operates hundreds of stores across the United States, Canada, and the United Kingdom, offering a broad selection of fresh foods, prepared meals, pantry goods, health and wellness products, and specialty items. In 2017, the company was acquired by Amazon, becoming a subsidiary while continuing to operate under the Whole Foods brand. Public sources highlight Whole Foods Market as the first certified organic national grocer in the U.S., emphasizing sustainable sourcing, environmental responsibility, and community giving initiatives. The company maintains a mission-driven culture centered on health, quality, and customer experience. Whole Foods continues to serve as a major influence within the natural foods sector and remains a prominent retailer within the broader grocery industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 28,000 SF | $4.81 CAD | Triple Net | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 452-093-03 | Improvements Assessment | $4,677,374 CAD |
| Land Assessment | $11,225,716 CAD | Total Assessment | $15,903,090 CAD |
Property Taxes
Presented by
Whole Foods | 711 University Ave
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