Founded in 1992, the postal store is located in the Uptown District in San Diego's Hillcrest until moving to the current location at 2358 University Avenue in the North Park area. The current location is 900 square feet in a clean and immaculate small L-shaped shopping center. The parking lot spaces are not dedicated but adequate. The current monthly rent is $1,670 per month with an NNN expense of $468. There are a little over 2 years of lease remaining in the second five-year period with one remaining 5-year option.
The Postal Place relocated to this space years ago. It was a great decision because it is located in the heart of a high-density, relatively high household income section of the San Diego, North Park market. The Postal Place is located immediately adjacent to the 7-Eleven, and Chevron gas station which is on the end cap of the small shopping plaza. University Avenue, is a major North-south, multi-lane, divided traffic artery the cross street is Texas Street. Other tenants include Pizza Hut, State Farm, A&K Nails & Spa, Wash & Go Laundry, SDGA, and Golden Donut. Thus, due to the visibility, this business generates lots of walk-ins. However, its main customer source is referrals and repeat clientele.
As shown in the business's website, the facilities include mailbox rentals, digital mailboxes, which are very profitable. The new owner could also add retail, administrative service sales to this business.