Your email has been sent.
Ground Lease Opportunity 7294-98 University ave 2,700 SF of Retail Space Available in La Mesa, CA 91942
HIGHLIGHTS
- 2023 Population (5 miles): 512,000 people with $100,208 Avg HH Income
- Across from Starbucks Coffee and Helix Charter High School
- ±20k Cars per Day
- Corner Lot (0.27 acres) with dual ingress/egress
- Near new Better Buzz Coffee
- Flexible Term and Tenant Improvements
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 7294-98 University | 2,700 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Net |
1st Floor, Ste 7294-98 University
±2,700 SF Freestanding Retail/Office building on a ±11,835 SF (0.27 acre) parcel at a signalized corner Property Type: Retail/Mixed Used/Office Zoning: City of La Mesa Zone C - Commercial Chapter 24.08 - Floodway Overlay (Zone F) Chapter 24.11 - Urban Design Overlay (Zone D) Chapter 24.18 - MIXED USE OVERLAY (Zone MU) Vehicles Per Day: University Avenue - 18,264 VPD; Massachusetts Avenue - 22,719 VPD Highest and Best Use: Pedestrian-oriented General Retail, Office, Community Center, Automotive, EV Charging, Restaurant, Solar / Utilities, or Laundromat
- Lease rate does not include certain property expenses
- Partially Demolished Space
- Corner Lot Lighted Intersection
- Across From Helix Charter High School
- Long-term Ground Lease
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 2,700 SF | Gross Leasable Area | 2,700 SF |
| Property Type | Retail | Year Built | 1947 |
| Property Subtype | Freestanding | Parking Ratio | 5.93/1,000 SF |
| Total Space Available | 2,700 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 2,700 SF |
| Year Built | 1947 |
| Parking Ratio | 5.93/1,000 SF |
ABOUT THE PROPERTY
Pacific Coast Commercial is pleased to exclusively present this unique opportunity to secure a long-term ground lease, Lease-to-Purchase Option, or Sale of this prime commercial Retail / Office property at 7294-98 University Avenue in La Mesa. A ground lease allows you to lease the land for an extended period, typically 10 or more years. This provides the security and flexibility to build or renovate a property tailored to your specific needs. Why a Ground Lease is Ideal for Your Business: Property Highlights: -Strategic Location: Situated at the busy intersection of University Ave and Yale Ave, with high visibility and excellent foot traffic. -Generous Lot Size: 11,835 SF lot, providing ample space for development, parking, and convenient ingress/egress from both Yale Ave and University Ave. -Diverse Zoning: Zoning: City of La Mesa Zone C - Commercial Chapter 24.08 - Floodway Overlay (Zone F) Chapter 24.11 - Urban Design Overlay (Zone D) Chapter 24.18 - MIXED USE OVERLAY (Zone MU) -Strong Demographics: 2023 Population of ±507,000 people within 5 miles, and Average Household Income of $100,208 Don't Miss This Opportunity to Secure Your Business's Future. Highest and Best Use: Pedestrian-oriented General Retail, Community Center, Museum, Automotive, EV Charging, Restaurant, Solar / Utilities, or Laundromat. Contact us today to learn more about this exciting opportunity and schedule a tour!
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Signage
NEARBY MAJOR RETAILERS
Presented by
Ground Lease Opportunity | 7294-98 University ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.