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Highland Center 1320 Highland Ave 35,622 SF Retail Building National City, CA 91950 $11,898,433 ($334.02/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Easy access into site from both Highland Avenue and East 14th, via four curb cuts
  • Benefits from adjacent, high performing Walmart (Ranked 1st out of 20 Walmarts in the San Diego)
  • High daytime population of 107,413 within 3 miles
  • Located on high traffic corridor - Highland Ave carries 18,200 cars per day
  • Adjacent to new Kimball Highland multi-family development (145 units)
  • Under-market rents

EXECUTIVE SUMMARY

This property is located adjacent to the 1st most visited Walmart in the San Diego - Carlsbad region with 3.5 million visits in the past year. The project is surrounded by many national retail tenants in a busy commercial corridor. The neighboring property consists of the multi-family development, the Kimball Highland Apartments with 145 units.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
35,622 SF
Building Class
B
Year Built
1963
Price
$11,898,433
Price Per SF
$334.02
Cap Rate
6%
NOI
$713,906
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
2.62 AC
Opportunity Zone
Yes
Zoning
MXD-2
Parking
147 Spaces (4.13 Spaces per 1,000 SF Leased)
Frontage
175’ on Highland Ave

AMENITIES

  • Pylon Sign
  • Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • Jan 0000

At Dollar Tree, they are working hard to create an environment where shopping is fun… a place where customers can discover new treasures every week… a store where entire families can enjoy hunting for that special something. They bring it all to people in stores that are bright and well lit, clean and well organized… and stocked with the items people are looking for! Just as important, especially during these tough economic times, they continue to offer customers the products they need at extreme values! They are expanding assortment of merchandise, constantly bringing people new and exciting items. Some of the product departments people find at a Dollar Tree store in Canada include housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, gift bags and wrap, party supplies, stationery, craft supplies, teaching supplies, books, seasonal décor, and more!

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - Jan 0000
Walk Score®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Smart & Final
Chase Bank
Rent-A-Center
Mission Federal Credit Union
Bonchon
IHOP
Starbucks
IGA
Bank of America
U.S. Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
560-050-11
Land Assessment
$1,847,139
Improvements Assessment
$1,354,565
Total Assessment
$3,201,704
  • Listing ID: 34586372

  • Date on Market: 1/23/2025

  • Last Updated:

  • Address: 1320 Highland Ave, National City, CA 91950

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