1068 Broadway, El Cajon, CA 92021
1068 Broadway, El Cajon, CA 92021
1068 Broadway, El Cajon, CA 92021
1068 Broadway, El Cajon, CA 92021
1068 Broadway, El Cajon, CA 92021
1068 Broadway, El Cajon, CA 92021
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Gloria Shepard

Gloria Shepard

+1(619) 889-8498
$ 6,100,000
Est. payment | /mo

0.89 Acres Lot

Save Virtual Tour
$ 6,100,000
Est. payment | /mo
Save Virtual Tour

0.89 Acres Lot

Key Details

Property Type Commercial

Sub Type Commercial-Off/Rtl/Ind

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250028048

Lot Size 0.890 Acres

Property Sub-Type Commercial-Off/Rtl/Ind

Property Description

Current appraisal in hand at list price! 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, Private, Other/Remarks

View Y/N No

Roof Type Other/Remarks

Building

Lot Description Free Standing

Story 2

Others

Senior Community No

Tax ID 4842933400

Acceptable Financing Other/Remarks

Listing Terms Other/Remarks

Special Listing Condition N/K, Other/Remarks

Virtual Tour https://www.propertypanorama.com/instaview/snd/250028048

MLS Router / San Diego MLS
Listed by Brandon Long, DRE#01382111 Regional Realty & Investments Inc. 

NEARBY SCHOOL & BUSINESS

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Gloria Shepard

Gloria Shepard

CA DRE #01040966

+1(619) 889-8498

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