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$ 6,450,000
Est. payment /mo
Active
1068 Broadway El Cajon, CA 92021
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial-Off/Rtl/Ind
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250028048
Property Sub-Type Commercial-Off/Rtl/Ind
Property Description
Regional Realty is pleased to exclusively market for sale a proposed single tenant sale leaseback (NNN) to CRT Plasma offering over a 7% cap rate. The proposed sale leaseback terms include a 15-year lease with 2.5% annual rental escalations throughout the primary term and four 5-year renewal options. The lease will be absolute triple net and feature no landlord responsibilities. The submarket boasts an extremely low vacancy rate of 3% according to CoStar. The practice is led by a Johns Hopkins-trained transfusion medicine specialist and has experienced strong success. Please inquire with broker for financial information. The 15,632-square-foot building is strategically located along Broadway, a primary thoroughfare with traffic exceeding 24,700 vehicles per day. Broadway hosts a wide range of major retailers, including Target, Food 4 Less, The Home Depot, Best Buy, ALDI, and Home Goods, as well as Parkway Plaza, a regional shopping center featuring Dick's Sporting Goods, JC Penney, H&M, Regal Cinemas, Ashley, Bath & Body Works, and more. The property also offers close proximity to Interstate 8 (148,000 VPD) and CA-67 (100,000 VPD), enhancing accessibility. Situated in a densely populated area, the asset serves over 308,000 residents within a five-mile radius, with an average household income of $124,210.
Location
State CA
County San Diego
Area East County
Direction N Mollison to Broadway or N 1st street to Broadway.
Interior
Heating Central Forced Air Elec, Central Forced Air Gas, Other/Remarks
Cooling Central Forced Air Elec
Flooring Other/Remarks, Slab
Fireplace No
Exterior
Parking Features On Site, Other/Remarks, Private
View Y/N No
Roof Type Other/Remarks
Building
Lot Description Free Standing
Story 2
Others
Tax ID 4842933400
Special Listing Condition N/K, Other/Remarks
Listed by Brandon Long Regional Realty & Investments Inc.