Retail

Walgreens - San Diego

3202-3222 University Ave, San Diego, CA, 92104-2010, US

Walgreens - San Diego_Property for Sale

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Asset description

JLL, as exclusive advisor, is pleased to offer the extraordinary opportunity to purchase the fee simple interest in Walgreens and Starbucks (the “Property”), located in one of the most dynamic residential markets of San Diego, California. The Property is strategically located in a major retail trade area with daily traffic counts exceeding 24,000 on University Ave and less than half a mile away from

the I-805 freeway, boasting over 170,000 vehicles per day. Within a three-mile radius of the Property there are over 274,000 residents with an average annual household income of over $90,500.

Attributes

Asking Price
$11,950,000
Building area Net
15,150 sf
Year built
2006

Investment highlights

  • Premier Tenancy
  • Affluent & Extremely Infill Trade Area
  • Ease of Management
  • Infill Location with Superior Access & Dedicated Parking
  • Strong Long-Term Development Potential Creates Embedded Value & Optionality
  • Long Term Downside Protection Through Land Upside

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Last updated
Aug 11, 2022