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Sale of 2 retail condos - accepting offers on both individual condos & as portfolio.
JLL is pleased to offer for sale 3 Stanyan & 3501 Geary, two single-tenant ground-floor retail condo units located in the heart of San Francisco at Geary & Stanyan. JLL is encouraging offers both as individual condos as well as a portfolio.
The properties are part of One Stanyan, a greater mixed-use condo building that also includes 13 luxury residential units. Recently built in 2018, the Properties, are each long-term leased on a NNN basis to single tenants. 3501 Geary is a 1,866 square-foot unit and is 100% leased to T-Mobile. 3 Stanyan is a 600 square-foot unit and is leased to Rooster & Rice, a popular Bay Area quick-service restaurant.
The properties’ central San Francisco location sets this offering apart. The condos hold a prime position on Geary Boulevard and in one of the city’s most dense and affluent neighborhoods.
Both offerings present an investor the unique opportunity to acquire a strong and growing cash flow in a fortress San Francisco location.
- Ability to purchase individual or as portfolio
- Fortress central San Francisco location
- Unparalleled Geary Boulevard retail corridor
- Highly afﬂuent customer base
- New construction
- Part of a class-A, mixed-use condo development
- Long-term leased with 8+ years remaining
- Signiﬁcant cash flow growth in annual rent increases
- NNN lease with limited landlord responsibilities
- High quality tenancy
- Generational trophy asset