319 6th Ave, San Francisco, CA 94118

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 repairsproviding 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.