7-Eleven

San Diego, California, is a coastal city known for its perfect weather, beautiful beaches, and vibrant culture. Located just north of the Mexican border, it offers a mix of outdoor activities, including surfing and hiking, along with attractions like Balboa Park, the San Diego Zoo, and the USS Midway Museum. The city's diverse culture is influenced by its proximity to Mexico, with Mexican cuisine and festivals adding to its charm. Economically, San Diego thrives in sectors like biotechnology, defense, telecommunications, and tourism. The city is a hub for biotech research and innovation, with many companies leading in life sciences. Its strong military presence, along with its strategic location near the U.S.-Mexico border, fuels international trade and commerce. Additionally, San Diego's growing craft beer scene and thriving tourism industry contribute significantly to its economy, making it a dynamic and attractive place to live and visit.The Kase Group is excited to offer the opportunity to acquire a well-established 7-Eleven location in San Diego, California, on an absolute NNN lease. The tenant boasts a long-term operating history, and the building has recently undergone a comprehensive remodel. The lease is corporately guaranteed with no landlord obligations, and the tenant has exercised their first option, which expires in May 2029, with an additional renewal option that includes a 10% rent increase. Strategically located in the vibrant North Park neighborhood, this property enjoys high visibility along University Avenue, a popular corridor renowned for its diverse selection of dining options, shops, and entertainment establishments. The area benefits from significant traffic, with 19,707 vehicles per day along University Avenue and 182,000 vehicles per day along the 805 Freeway, offering convenient access to the 805. The property also boasts strong 3-mile demographics, with 278,664 residents and an average household income of $111,612. Additionally, it is less than a mile from Balboa Park, a historic cultural landmark attracting over 14 million visitors annually.