635 El Cajon Blvd
El Cajon, CA 92020
Retail Property For Sale

Over 3 Years Remaining on the Lease | Rental Increases | Value-Add Opportunity • Leo’s Market has well over 3 years remaining on its lease with 2 (10-year) options to extend • The lease features 2% annual rental increases throughout the initial term and option periods • Value-add opportunity to increase NOI through lease up the remaining space/rear parking lot, and converting the existing lease to NNN Net Lease | Fee Simple Ownership | Limited Landlord Responsibilities • Tenant maintains the property • Landlord responsibilities limited to taxes and insurance Major Thoroughfare for San Diego County | Just Off Of Interstate 8 (175,000 VPD) | Nearby National/Credit Tenants • Strategically situated on El Cajon Boulevard, a major thoroughfare with approximately 22,500 vehicles passing by daily • 0.6 miles off of Interstate 8 (175,000 VPD) with convenient on/off ramp access • Nearby national/credit tenants include Ross Dress for Less, 24 Hour Fitness, Marshalls, Best Buy, and more Direct Residential Consumer Base | Strong Demographics In 5-mile Trade Area • Surrounded by neighborhoods with over 58,000 households in a 3-mile radius, providing a direct consumer base to draw from • The 5-mile trade area is supported by more than 369,500 residents with an average household income of over $92,000