Retail Business for Sale in San Diego, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: San Diego, CA 92103

Description

Marcus & Millichap is pleased to present 1405 University Ave, in the Hillcrest neighborhood of San Diego, CA. This 1,750 sqft retail building sits on University Avenue, the neighborhood’s main street with more than 20,000 vehicles passing per day. The property is 100% leased on a NNN lease to and recently exercised a 5-year renewal option. The tenant has been occupying the space since 2008. The property is in close proximity to the 163 freeway and is just half a mile away from Balboa Park and two miles from Fashion Valley mall and the San Diego International Airport. Investment Highlights: • 7 Years Remaining on Absolute NNN Lease • Annual CPI Increases with no Cap • Tenant Exercised Option Early

Market Context

This retail in San Diego, CA is listed for sale. It is offered at an approximate 4.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 54 days. Compare it against other retail listings for sale in San Diego, CA — <a href="/search/sale/retail/california/san-diego">view the full market</a>.

As of Q4 2025, the San Diego retail market showed a 4.4% vacancy rate, average asking rents near $27.24/SF/yr, and cap rates around 5.8%. Source: Consensus Q4 2025 market report.

Its 4.0% asking cap rate is below the San Diego retail market average of about 5.8%, reflecting premium pricing relative to comparable assets. Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in San Diego?
About 5.8% as of Q4 2025, per Consensus.
Is the San Diego retail market tightening or softening?
Vacancy is around 4.4% (Q4 2025).

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