1302 National City Blvd

1302 Blvd , National City, California, 91950 | 5,459 sq.f | $ 3,500,000

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About This Restaurant

Investment Highlights

Corner Location with Park Views Recently Renovated (New Plumbing, Gas, Electric, Fire Suppression System, & Loading Dock)

Executive Summary

This meticulously updated property on National City Blvd, strategically positioned across from Kimball Park, boasts a 100% NNN leased building. Current tenant in place with a 5-year lease and 2 options to extend, operating as a highly successful private event venue with a liquor license and FDA food packaging license. Situated in the thriving commercial district, this corner property enjoys heightened visibility and substantial foot traffic, making it an ideal choice for a diverse range of businesses. Conveniently located within a 5-10 minute drive from downtown San Diego, it offers easy freeway access and proximity to trolley and public transportation options, ensuring accessibility and exposure for a consistent customer influx. With its prime location, unobstructed views of Kimball Park, and proximity to the modern Library & City Hall, this property provides a unique investment opportunity. Benefiting from meticulous maintenance and updated infrastructure. Having undergone a 99% remodel in 2017, including new plumbing, gas, electric, a state-of-the-art kitchen build-out, loading dock, and new fire suppression system, offer a turnkey solution. Additionally, there is potential for expansion to capitalize on Coronado and Ocean Views from the rooftop.Seize the opportunity to invest in the future of National City. Contact the Listing Agent today for comprehensive details. Kindly refrain from disturbing the tenants.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Freestanding Freestanding General Retail Restaurant General Retail Storefront Industrial Food Processing Freestanding
  • Building Size    5,459
  • Building Class    C
  • Year Built/Renovated    1946/2017
  • Price    3,500,000
  • Price Per SF    641
  • Cap Rate    4.42
  • NOI    154,610
  • Tenancy    Single
  • Building Height    2 Stories
  • Loading Docks    1 Exterior
  • Building FAR    0.96
  • Land Acres    0.13 AC

Amenities

  • Corner Lot
  • Signage

Nearby Amenities & Transportation

Retail U.S. Bank
Retail Jack In The Box
Retail Bank of America
Retail Wingstop
Retail Herc Rentals
Retail Starbucks
Retail Chase Bank
Retail Rent-A-Center
Retail Smart & Final
Retail Panda Express

Property Taxes

Parcel Number 560-014-10 Improvements Assessment $557,759
Land Assessment $560,547 Total Assessment $1,118,306
Date Created: 2024-07-16 04:09:24 Last Updated: 2024-07-16 04:09:24
Address: 1302 Blvd , National City, California, 91950