Offer Price:

$5,600,000

Net Operating Income:

$330,000

Cap Rate:

5.89%

Leased:

100%

Lease Term:

20 Years

Status:

Active



Investment Highlights

  • Excellent Absolute Net Leased Opportunity in San Diego’s most central Kearny Mesa neighborhood
  • New 20 Year Sale-Leaseback to be signed at the close of escrow
  • 10% Annual Increases every 5 Years, (3) 10-Yr Options
  • Take massive accelerated depreciation tax benefits on building
  • 3,400 SF Building Situated on .65 Acre Lot
  • Wash N’ Go Express Car Wash – Established in San Diego with 4 locations in operation and 2 more under construction
  • Busy commuter corridor of Balboa Ave & Convoy Drive
  • Balboa Ave sees over 55,000 Vehicles Per Day
  • Convoy District of San Diego features the majority of Industrial, Medical, Automotive and Restaurant businesses in the County

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