Retail    

Chevron

 Chula Vista, CA

Asking Price

$3,822,000

Cap Rate

6.99%

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Expenses

Absolute NNN

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San Diego, CA Location

Rare Opportunity

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Population (5-Mi)

355K

Householdincome - white-02-1

AHHI (5-Mi)

$99K+

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • San Diego, CA Location
    Rare opportunity to own a net leased asset in the heart of San Diego county.
  • Excellent Size and Use of Asset
    Full-size C-store building of roughly 6,000 SF with a popular restaurant subtenant and in-bay automatic car wash.
  • No Environmental Cases
    The state of CA environmental database shows no open environmental cases.
  • Excellent Demographics
    Population counts over 355,000 in a 5-mile radius and an average household income of $99,000 in a 5-mile radius.
  • Long-Term Lease
    The Property is in year 8 of a 15-year lease, with roughly 7.4 years remaining and two renewal options of 10 years each.
  • Absolute NNN
    The Tenant is responsible for all Property taxes, insurance, and maintenance, including all capital expenditures.
  • Rare 2% Annual Rental Increases
    Scheduled rents increase 2% per year throughout the base term of the lease and in the options.

Exclusively Listed By

Matt Lipson

Associate Director
  mlipson@stanjohnsonco.com      503.468.7503
BRE #01892096

Chris Lomuto

Associate Director
  clomuto@stanjohnsonco.com      415.610.5230
BRE #01962410

Milo Spector

Director
  mspector@stanjohnsonco.com      510.461.4505
BRE #01959211

Riley Price

Associate
  rprice@stanjohnsonco.com      949.258.9761

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