- For sale
Colliers Retail Capital Markets Team is pleased to present the rare opportunity to acquire Fornaca Center, a shopping center in prestigious Downtown San Diego. Fornaca Center is prominently located at the heavily trafficked north and southbound ramp of Interstate 5 on National Avenue and is the only retail center at the immediate intersection. Centrally located within the heart of San Diego with an impressive density of approximately 208,000 people living within a three mile radius of the Subject Property.
Fornaca Center is a 19,849 sq. ft. shopping center that is currently 100% occupied by 12 national credit, restaurant oriented tenants including: Starbucks Coffee, Jack in the Box, Panda Express, Popeyes, T-Mobile and Subway. Fornaca Center, one of the strongest performing centers in the trade area has three drive-thru tenants on site, making it the an ideal freeway retail asset.
Fornaca Center is an excellent opportunity to acquire a trophy restaurant oriented shopping center that provides stable cash flow with desirable fixed rent growth in an exceptional in-fill Downtown San Diego location.