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El Cajon Town & Country 328-420 N 2nd St 53,233 SF 99% Leased Retail Building El Cajon, CA 92021 $19,500,000 ($366.31/SF) 7.13% Cap Rate
INVESTMENT HIGHLIGHTS
- Superior, National and Regional Credit Grocery Anchored Investment with Complementary Tenant Mix in the Infill Market of El Cajon.
- Over to 70% of the Gross Leasable Area (GLA) at El Cajon Town & Country is leased to strong national and regional tenants.
- All tenants are responsible for paying their full pro-rata share of common area maintenance (CAM) expenses, property taxes, insurance and management.
- El Cajon Town & Country is a 53,233 square foot shopping center, that includes Grocery Outlet, Dollar Tree, Goodwill, Chase, T-Mobile, and more.
- El Cajon Town & Country boasts over 1.2 million visitors per year to the center, and Dollar Tree ranks in the top 92% of visits.
- El Cajon Town & Country boasts a 98.6% occupancy rate.
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale, El Cajon Town & Country – a 53,233 square foot grocery anchored shopping center located in a vibrant sub-market of San Diego. The center consist of an ideal mix of national and regional tenants, including Grocery Outlet, Dollar Tree, Goodwill, Chase, T-Mobile and Baskin Robbins. The complimentary nature of the tenancy has resulted in making El Cajon Town & Country one of the leading shopping centers in the immediate area. The site is 98.6% occupied with established tenants and includes multiple recent lease renewals – which helps minimize leasing and capital expenditure costs.
All tenants are on triple-net leases, paying their pro-rata share of common area maintenance expenses, property taxes, insurance, and management fees. El Cajon Town & Country is ideally located just south of the I-8 Freeway 2nd St. on/off ramp, making it a commuter friendly and strategic destination for nearby residents. In today’s marketplace with limited high quality product, El Cajon Town & Country is a true pride of ownership investment with excellent fundamentals making it a premier offering.
All tenants are on triple-net leases, paying their pro-rata share of common area maintenance expenses, property taxes, insurance, and management fees. El Cajon Town & Country is ideally located just south of the I-8 Freeway 2nd St. on/off ramp, making it a commuter friendly and strategic destination for nearby residents. In today’s marketplace with limited high quality product, El Cajon Town & Country is a true pride of ownership investment with excellent fundamentals making it a premier offering.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Supermarket
Building Size
53,233 SF
Building Class
C
Year Built
1965
Price
$19,500,000
Price Per SF
$366.31
Cap Rate
7.13%
NOI
$1,390,654
Percent Leased
99%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.28
Lot Size
4.30 AC
Opportunity Zone
Yes
Zoning
C2 - Commercial
Parking
215 Spaces (4.04 Spaces per 1,000 SF Leased)
Frontage
436’ on N 2nd St
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Monument Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Last space for Lease in Grocery Anchored Center
| Space | Size | Space Use | Position | Available |
| 358 | 750 SF | Retail | - | Now |
358
| Size |
| 750 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
358
| Size | 750 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Last space for Lease in Grocery Anchored Center
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 489-162-17 | Improvements Assessment | $6,567,212 |
| Land Assessment | $7,880,654 | Total Assessment | $14,447,866 |
PROPERTY TAXES
Parcel Number
489-162-17
Land Assessment
$7,880,654
Improvements Assessment
$6,567,212
Total Assessment
$14,447,866
CONTACTS
-
Patrick Wade -
Alex Kozakov -
Matthew Greenberg -
Jack Webber -
Bo Henderson -
Vivian Tran -
CBRE, Inc.
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El Cajon Town & Country | 328-420 N 2nd St
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