102 Leucadia BlvdEncinitas, CA 92024

  • Retail properties
  • 2,584 SF
For Sale
$5,482,500 View listing

Property Details for 102 Leucadia Blvd

Year built
1970
Lot size
0.47 AC
Property size (Sq ft)
2,584 SF
Zone code
COMMERCIAL
Property type
Retail properties
Property subtype
Gas stations
APN
254-324-62-00
APU
2543246200

Description

This exceptional investment opportunity presents a thriving 7-Eleven convenience store and gas station located at 102 Leucadia Blvd, Encinitas, CA 92024. Boasting a prime coastal San Diego location, this Class A, 2,828 square foot property sits on a 0.48-acre lot and benefits from high visibility at a signalized hard corner. The property features a strong corporate guarantee from a Fortune 500 company with an "A" S&P investment grade credit rating and over $73 billion in annual revenue. The Net Lease (NN) agreement offers a 7.2-year remaining term, expiring January 31, 2032, with attractive 7.5% rent bumps at each option period. The property's strong performance is reflected in its 5.00% cap rate and $274,125 Net Operating Income (NOI). Built in 1970 and renovated in 2024, this asset benefits from significant barriers to entry due to limited new development in the area. The location within the densely populated and affluent Encinitas community, with an average household income exceeding $169,000 and over 124,000 residents within a 5-mile radius, ensures long-term growth potential. Its proximity to Encinitas Ranch Town Center and major transportation arteries (Interstate 5 and Highway 101) further enhances its appeal. The property also benefits from its location within the Leucadia Streetscape Project, a revitalization initiative that will enhance the area's walkability and appeal. Finally, its close proximity to Moonlight Beach, a highly desirable recreational area, adds to its overall desirability. This is a rare opportunity to acquire a high-performing, strategically located asset in one of Southern California's most sought-after coastal communities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $796,223
    6.5%
    $734,975
    7%
    $682,477
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,053,875
    Geo Method
    $2,291,916
  • Alternative Use

    Use
    Valuation
    Residential
    $619,979
    Hospitality
    $567,897
    Educational
    $472,484
    Medical
    $488,733
    Retail
    $734,975
102 Leucadia Blvd, Encinitas, California

Location Insight

City
Encinitas
County
San Diego
State
California
Latitude
33.065
Longitude
-117.302
CBSA code
41740
CBSA name
SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$34,678
$2,550,000
$519,991
$3,069,991
-
-
-
-

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].