13584 Camino Canada
El Cajon, CA 92021
Retail Property For Sale

MAJOR PRICE REDUCTION & NOI INCREASES 10% IN 2018 Lee & Associates - Newport Beach is pleased to exclusively offer for sale the absolute NNN leased Denny' s restaurant and Sprint cell tower property located at 13854 Camino Canada in El Cajon, California. This Denny' s was recently acquired by a franchisee group that owns and operates 9 San Diego-area Denny' . Members of this group also own and operate a large number of other restaurant concepts including Jack in the Box and Corner Bakery Cafe. The tenant recently exercised their first renewal option for an additional 5 years, pushing the lease expiration to March 31, 2023. With the acquisition of this location, they renewed their 20-year franchise agreement with Denny' s. They have also delivered written interest to exercise their future lease renewal options. The restaurant was recently renovated to conform with Denny' s Diner theme and is open 24 hours. Sprint has operated this cell tower since 2002. In 2008 the lease was amended, adding additional term and 5 automatic 5-year renewal option periods. The property is located at the northeast corner of the I-8 freeway and Los Coches Road, adjacent to McDonald' s, Taco Bell and a regional shopping center anchored by Walmart and Smart & Final Extra. This location serves the Lakeside/El Cajon community and I-8 commuters alike.