CA > El Cajon
El Cajon, CA 92021,1068 Broadway
El Cajon, CA 92021,1068 Broadway
El Cajon, CA 92021,1068 Broadway
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Chris Sloan

Chris Sloan

LPT Realty

+1(858) 330-6289
$6,450,000
Est. payment /mo
0.89 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250028048SD

HOA Y/N No

Lot Size 0.890 Acres

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 92021 - El Cajon

Interior

Heating Forced Air, See Remarks

Inclusions , ,

Fireplace No

Others

Tax ID 4842933400

Read Less Info
California Regional MLS (CRMLS)
Listed by Brandon Long • Regional Realty & Investments Inc.
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REALTOR® Chris Sloan works all areas of San Diego real estate and adjacent areas in Southern California-from single family homes to multi-unit residential, investment properties, land, and commercial buildings.

 

He’s adept at helping buyers and sellers with traditional equity transactions, short sales, probate, trust sales, foreclosures, corporate transactions, and exchanges

+1(858) 330-6289

info@sandiegopropertysearch.com

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