Description

This Coastal Del Mar investment represents a rare trophy Southern California single-tenant retail property with an absolute NNN lease, offering zero landlord responsibilities. The tenant has more than 25 years of operational history, is a Wine Spectator “Award of Excellence” recipient, and reports strong sales performance (details available upon request). The property also benefits from a rare long-term parking agreement, further enhancing its value. Situated in the heart of Del Mar, CA, the location enjoys vibrant foot traffic, affluent demographics with household incomes exceeding $200,000 within a one-mile radius, and strong consumer demand where food and alcohol rank as the top expenditure category within three miles. Directly across from the upscale L’Auberge Hotel, voted the #3 hotel in Southern California, and located on 15th Street—Del Mar’s premier retail and dining corridor—the property is surrounded by luxury boutiques, restaurants, and cafes. Del Mar’s thriving tourism economy is anchored by world-class attractions such as the Del Mar Thoroughbred Club, which will host the 2025 Breeders’ Cup, and the annual San Diego County Fair, drawing over 1.4 million visitors. This combination of long-term stability, exceptional location, and strong tenant performance makes it a premier coastal investment opportunity.