6348 College Grove Way
San Diego, CA 92115 ·
51,910 SF · Retail For Sale
College Grove Center
|Gross Leasable Area||51,910 SF||Cap Rate||7.96%|
|Property Sub-type||Neighborhood Center||Lot Size||3.56 AC|
|Property Use Type||Investment|
|Listing ID: 16256786||Date Created: 05/29/2009||Last Updated: 06/09/2011|
The subject property consists of a 51,910-square foot portion of an approximate 615,000-square foot shopping center located in Lemon Grove. College Grove Center enjoys substantial frontage on the (94) Freeway and its own College Grove Way exit. College Grove Shopping Center is anchored by Walmart, Target, Sam's Club, Kohl's, Staples, 24 Hour Fitness, Big Lots, Long's Drugs and Party City. It is clearly the dominant center in the region.
The subject property consists of a portion of College Grove Shopping Center and included in this offering are 24 Hour Fitness, Subway, Jamba Juice, Verizon Wireless, Yo Fresh, Maly's and Professional Nails. The subject property sits right on the (94) Freeway and excellent visibility.
Named "America' s Finest City" due to its hospitality, beauty and ideal climate, San Diego is located on the border of Mexico. San Diego's 70 miles of beaches are a haven for swimmers, surfers, divers, boaters and sunbathers. With 100 exquisite golf course' s (about 50 of them public), San Diego is a golfer' s paradise, with courses in the mountains, dessert by the bay or ocean.
Currently America's sixth largest city, San Diego is a major commercial business center with more than 2.6 million residents and a varied economy based in agriculture, manufacturing, more than aerospace, technology, electronics, aircraft and ship-building, scientific research and tourism. The city is one of the largest biotech centers in the United States.
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