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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
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
Dollar Tree started in 1986 when Macon Brock, Doug Perry, and Ray Compton opened the first only dollarstore in Georgia. The company expanded rapidly through the 1990s, acquiring competitors like Dollar Bill and Clearance Centers. In 2015, Dollar Tree merged with Family Dollar, creating a retail giant with thousands of locations across North America. Today, the company operates both Dollar Tree and Family Dollar stores that sell everything from household goods to frozen foods. Dollar Tree emphasizes value and convenience in all its product offerings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 0000 |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,421,168 | |
| Land Assessment | $2,442,362 | Total Assessment | $3,863,530 |
Property Taxes
Parcel Numbers
Land Assessment
$2,442,362
Improvements Assessment
$1,421,168
Total Assessment
$3,863,530
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Highland Center | 1320 Highland Ave
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