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investment sales

Point Break Cafe

2743 Shelter Island Drive, San Diego, CA

Sold

2743 Shelter Island Drive, Point Loma (Point Break Café)

• 2,762 SF single-tenant restaurant building

• 5,001 SF site on the Shelter Island Drive waterfront corridor

• Occupied by Point Break Café, tenant in place since 2009

• Annual CPI increases through the current option period

• Tenant pays taxes, utilities, insurance, and maintenance (effectively NNN in operation)

• Access to adjacent parking lot not included in the sale; 50% of lease payment flows to the parking lot owner

• CV-1-2 zoning supports lodging, dining, and recreation uses; residential density permitted at one unit per 1,500 SF

• Walking distance to the waterfront, marinas, and a concentration of hospitality and dining uses

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