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8915-8967 Carlton Hills Blvd 2 Retail Properties Offered at $17,414,000 in Santee, CA
Investment Highlights
- HIGH TRAFFIC SIGNALIZED CORNER
- 100% OCCUPIED RETAIL ASSET
- COMPELLING NEIGHBORHOOD RETAIL INVESTMENT
Executive Summary
CBRE presents Carlton Hills Plaza, a 43,351 SF multi-tenant retail investment located at 8915-8967 Carlton Hills Blvd & 9312 Mission Gorge Road in Santee, CA. This neighborhood shopping center offers a compelling opportunity to acquire a stable, income-producing asset within the growing Santee community. Carlton Hills Plaza benefits from a prime location at the high-traffic intersection of Carlton Hills Boulevard and Mission Gorge, adjacent to a major retail corridor featuring prominent national retailers such as Kohl’s, Lowe’s, Walmart, and Costco. The center boasts a diverse and stable tenant mix, including long-term anchor GTM Discount Stores (since 1991) and popular daily-needs retailers and eateries like Mary’s Donuts (a local institution for 40 years), Marieta’s Mexican, Daboba, and The Chicken Shop. With 100% occupancy for the past three years and over 98% for the preceding five years, the plaza demonstrates consistent performance with strong NOI growth.
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- Offering Memorandum
Property Facts
| Price | $17,414,000 | Number of Properties | 2 |
| Price / SF | $383.56 / SF | Individually For Sale | 0 |
| Cap Rate | 6.50% | Total Building Size | 45,401 SF |
| Sale Type | Investment NNN | Total Land Area | 4.51 AC |
| Status | Active |
| Price | $17,414,000 |
| Price / SF | $383.56 / SF |
| Cap Rate | 6.50% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 45,401 SF |
| Total Land Area | 4.51 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 8915-9312 Carlton Hills Blvd, Santee, CA 92071 | Retail | 43,351 SF | 1959 | - |
| 9312 Mission Gorge Rd, Santee, CA 92071 | Retail | 2,050 SF | 2003 | - |
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8915-8967 Carlton Hills Blvd
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