O'Reilly Auto Parts and Baja Duty Free | 4590 Border Village Rd
Two freestanding retail buildings totaling 11,301 SF in San Ysidro, California, offered at $5,750,000 at a 6.25% cap ($359,824 NOI). The fully leased, multi-tenant asset is anchored by O'Reilly Auto Parts and Baja Duty Free, both corporate tenants with 30+ years of occupancy and recently executed 10-year lease extensions providing income certainty through 2035–2036.
O'Reilly Auto Parts is committed through February 2036 with two additional five-year renewal options; Baja Duty Free is leased through September 2035 with fixed annual rent increases and a renewal option. Both leases are structured as NNN, eliminating landlord operating expenses and delivering strong passive cash flow. The property sits on 0.96 acres with 40 parking spaces along Border Village Road, directly adjacent to the busiest land border crossing in the United States. The location captures exceptional cross-border consumer traffic and sustained retail demand from a strong daytime population. Built in 1991 and renovated in 1995, each building is approximately 5,500 SF on a single story. A condominium overlay map enables separate ownership or future disposition, while the fee-simple ownership structure and 1031-exchange eligibility appeal to investors seeking long-term passive income with limited management burden.
- Two corporate tenants with 30+ years of occupancy; recently extended 10-year leases
- NNN lease structure; zero landlord operating responsibilities
- Leases through 2035–2036 with fixed rent escalations
- Adjacent to busiest U.S. land border crossing; exceptional cross-border traffic
- Condominium overlay; fee-simple ownership; 1031-exchange eligible
More property details
Location
This 11,301-square-foot NNN retail investment offers a rare opportunity to acquire two freestanding retail buildings in San Diego’s highly sought-after San Ysidro border corridor, generating stable cash flow at a 6.25% capitalization rate. The property is fully leased to two established corporate tenants—O’Reilly Auto Parts and Baja Duty Free—both of which have recently executed new 10-year lease extensions, providing long-term income security. O’Reilly Auto Parts is committed through February 2036 with two additional five-year renewal options, while Baja Duty Free is leased through September 2035 with fixed annual rent increases and an additional renewal option. The NNN lease structures, combined with scheduled rent escalations, deliver a strong first-year net operating income while minimizing landlord responsibilities. Strategically located adjacent to the busiest land border crossing in the United States, the property benefits from exceptional cross-border consumer traffic, a strong daytime population, and sustained retail demand. The asset consists of two approximately 5,500-square-foot freestanding buildings, offering future flexibility for separate ownership or disposition through an existing condominium overlay map, as well as potential owner-user or value-add opportunities. Both tenants have occupied the property for more than three decades, demonstrating the location’s long-term viability and the limited availability of comparable retail space in the surrounding market, making this an exceptional passive investment with durable cash flow and long-term appreciation potential.