711 University Ave · San Diego, CA 92103 · Grocery / Big Box
We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.
Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.
Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.
Generational opportunity to acquire a trophy, single tenant Whole Foods in the heart of downtown San Diego with rooftop parking
Absolute NNN lease with no landlord responsibilities, passive investment opportunity
Annual rent increases – CPI 2% minimum, 3% maximum (rare lease structure for Whole Foods)
Top performing location – $49.8M store sales, $1,779 PSF, top 21% nationwide (Placer AI)
Best in class operator in the most reliable and highly coveted retail sector
Strong historical occupancy, tenant has operated at this location for 29 years
High investment-grade tenant (S&P, AA-, Moody’s, A1) backed by Amazon (S&P, AA/Stable, Moodyʼs A1/Stable)
Dense, affluent San Diego market with nearly 244,900 residents in a 3- mile radius, average household income of $125,600 in a 3-mile radius
High barriers to enter market with significant land constraints makes the property irreplaceable and considerably expensive to replicate, long term high-rise redevelopment potential
The Hillcrest neighborhood is undergoing a major transformation, with proposed, active, and upcoming high-rise developments designed to dramatically increase housing density, particularly around the transit-heavy core
Key projects like the Hillcrest Focused Plan Amendment propose 30- story towers, while projects such as the 8-story Cleveland Avenue building and Hillcrest Flats on 4th Avenue are already adding hundreds of units
We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.
Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.
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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.