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$ 7,500,000
Est. payment /mo
Price Dropped by $488K
319 6th Avenue San Francisco, CA 94118
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41126351
HOA Y/N No
Year Built 1975
Lot Size 0.280 Acres
Property Description
PRICE IMPROVEMENT: Secure a legacy NNN lease with a contractual 3% annual growth profile, now yielding an average 5.61% CAP - up to 6.38% CAP! 317–319 6th Avenue presents a rare opportunity to acquire a long-term, single-tenant true NNN investment in San Francisco's Richmond District, backed by a tenant that has successfully operated at the location for over 55 years. The property is secured by a 15-year lease that commenced in 2020, with approximately 10 years remaining on the base term, 3% annual rent increases, and one five-year extension option. The lease is structured as a true NNN lease, with the tenant responsible for property taxes, insurance, maintenance, and repairs—providing ownership with predictable, passive income and minimal landlord responsibilities. Located just off the Clement Street retail corridor and three blocks from Golden Gate Park, the property benefits from strong neighborhood demographics, consistent foot traffic, and limited commercial inventory. With stable tenancy, contractual rent growth, and exceptional tenant longevity, 317–319 6th Avenue represents a rare opportunity to acquire a durable net-leased asset in one of San Francisco's most established neighborhood retail districts.
Location
State CA
County San Francisco
Zoning Comm
Interior
Fireplace No
Exterior
Total Parking Spaces 10
Others
Tax ID 1438 002
Listed by Geary Do Mosaik Real Estate #01939951