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Pep Boys 10041 Mission Gorge Rd 18,560 SF 100% Leased Retail Building Santee, CA 92071 $4,900,000 ($264.01/SF)
Investment Highlights
- Great Cost/SF Basis
- Across the Street From Major Retailers Like Costco, Walmart, Trader Joe's, and More!
- Amazing Visibility in a Heavily Trafficked Retail Corrider
Executive Summary
- Zero landlord obligations – true passive income.
- Committed tenancy through 2033, with the ability for Pep Boys to remain until 2048.
- Rent growth locked in: scheduled increases at each option period.
- Underlying land value in a high-traffic San Diego County corridor ensures long-term security.
- Future repositioning upside: below-market lease creates optionality for investors seeking redevelopment or re-tenanting plays down the line.
- Committed tenancy through 2033, with the ability for Pep Boys to remain until 2048.
- Rent growth locked in: scheduled increases at each option period.
- Underlying land value in a high-traffic San Diego County corridor ensures long-term security.
- Future repositioning upside: below-market lease creates optionality for investors seeking redevelopment or re-tenanting plays down the line.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
18,560 SF
Building Class
C
Year Built
1998
Price
$4,900,000
Price Per SF
$264.01
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.70 AC
Zoning
Commercial - Open Space zoning
Parking
80 Spaces (1.35 Spaces per 1,000 SF Leased)
Frontage
187’ on Mission Gorge Rd
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- A
- 8,300 SF
- Retail
- Outparcel
- 30 Days
| Space | Size | Space Use | Position | Available |
| A | 8,300 SF | Retail | Outparcel | 30 Days |
A
| Size |
| 8,300 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| 30 Days |
Nearby Major Retailers
Property Taxes
| Parcel Number | 384-043-07 | Improvements Assessment | $1,785,000 |
| Land Assessment | $1,530,000 | Total Assessment | $3,315,000 |
Property Taxes
Parcel Number
384-043-07
Land Assessment
$1,530,000
Improvements Assessment
$1,785,000
Total Assessment
$3,315,000
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Pep Boys | 10041 Mission Gorge Rd
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