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46-48 Broadway 5,316 SF Retail Building Chula Vista, CA 91910 $1,599,000 ($300.79/SF) 4.40% Cap Rate
Executive Summary
Phase I and Phase II Surveys Available!
Drive Through Retail with variety of retail use including Automotive, Restaurant, Dental Office, Dry Cleaners
4.4% Cap rate under the sales price and its new property tax rate with in-place low current rent
Current tenant lease ending in 10/31/2027 at with options left at market rent price at the renewal period (Current market rent price is significantly higher than in-place rent)
Current tenant showed possible interest in vacating early
Open floorplan interior with extra high ceilings
Great upside potential for owner user or investment once current tenant renews with new lease or vacates in 10/31/2027
C-3 Zoning per Chula Vista for Redevelopment plan
Close Proximity to San Diego International Airport (11 Miles)
Drive Through Retail with variety of retail use including Automotive, Restaurant, Dental Office, Dry Cleaners
4.4% Cap rate under the sales price and its new property tax rate with in-place low current rent
Current tenant lease ending in 10/31/2027 at with options left at market rent price at the renewal period (Current market rent price is significantly higher than in-place rent)
Current tenant showed possible interest in vacating early
Open floorplan interior with extra high ceilings
Great upside potential for owner user or investment once current tenant renews with new lease or vacates in 10/31/2027
C-3 Zoning per Chula Vista for Redevelopment plan
Close Proximity to San Diego International Airport (11 Miles)
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,316 SF
Building Class
C
Year Built
1938
Price
$1,599,000
Price Per SF
$300.79
Cap Rate
4.40%
NOI
$70,356
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
0.31 AC
Zoning
C - C-3 Zoning under Chula Vista Urban Core Specific Plan Land Use Matrix -please look for this in the document section of this listing for permitted use
Parking
8 Spaces (1.5 Spaces per 1,000 SF Leased)
Frontage
72’ on Broadway
Amenities
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- A&P Drive Thru Cleaning
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| A&P Drive Thru Cleaning | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 565-040-16 | Improvements Assessment | $197,019 |
| Land Assessment | $788,082 | Total Assessment | $985,101 |
Property Taxes
Parcel Number
565-040-16
Land Assessment
$788,082
Improvements Assessment
$197,019
Total Assessment
$985,101
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46-48 Broadway
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