118 S Cedros Ave 10,382 SF Retail Building Solana Beach, CA 92075 $12,474,266 CAD ($1,201.53 CAD/SF) 4.49% Cap Rate

INVESTMENT HIGHLIGHTS

  • 100% Occupied with 2 established tenants
  • 17,662 CPD and heavy walk by traffic
  • Walking distance to Solana Beach Coaster Station and the Beach
  • Both Leases are NNN. Minimal Landlord Responsibility
  • Rare opportunity to own on Cedros Ave, in Coastal Solana Beach

EXECUTIVE SUMMARY

Introducing a once-in-a-lifetime chance to acquire a remarkable retail location in the highly coveted World Famous Designer District on Cedros Street, situated in the vibrant community of Solana Beach. For the first time in half a century, this extraordinary property has emerged onto the market, making it an exceptionally rare opportunity for discerning investors. Property is 100% occupied with 2 well established tenants that have 2 years remaining plus One 5-Year option.
Nestled within a thriving commercial hub, vacancies in this area are a rarity, underscoring the immense value and desirability of this offering. A mere 30 feet away from the prominent intersection of Lomas Santa Fe Drive and Cedros.

The Cedros Design District boasts a lively atmosphere, attracting a diverse clientele of discerning shoppers and design enthusiasts. The prime location of these two separate 4,790sf and 5592sf spaces offers tremendous flexibility, catering to a range of businesses and commercial ventures.
Combine the two units (10,380 SF) to create an expansive retail haven that will leave an indelible mark on the vibrant Solana Beach community. With a combined total of 17,662 cars passing by daily, your business will benefit from unparalleled exposure to a captive audience of potential customers. Adding to the allure of this remarkable location is its proximity to the renowned Belly Up Music Venue, a renowned cultural landmark that draws music aficionados from near and far.
Now is the time to seize this extraordinary opportunity to own a large retail location in the World Famous Designer District on Cedros Street. With its unmatched visibility, exceptional foot traffic, and the buzz of cultural activity surrounding it, this is truly a unique property.

ATTACHMENTS

118 S Cedros OM

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
10,382 SF
Building Class
B
Year Built
1970
Price
$12,474,266 CAD
Price Per SF
$1,201.53 CAD
Cap Rate
4.49%
NOI
$560,356 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.60
Lot Size
0.40 AC
Zoning
M
Parking
6 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
41’ on S Cedros Ave
Walk Score®
Very Walkable (85)

NEARBY MAJOR RETAILERS

Dream Dinners
Orangetheory Fitness
Peet's Coffee
StretchLab
Yoga Six
San Diego County Credit Union
Starbucks
The Bar Method
Sprouts Farmers Market
Jpmorgan Chase & And Co

PROPERTY TAXES

  • Listing ID: 28917495

  • Date on Market: 2023-07-04

  • Last Updated:

  • Address: 118 S Cedros Ave, Solana Beach, CA 92075